Mrugank Paranjape took charge as MD and CEO of Multi Commodity Exchange (MCX), country’s largest commodity exchange. He will have the tenure of 3 years. His appointment fills the vacancy of the post which was vacant for past 2 years. Prior to this, Mrugank Paranjape was working with Deutsche Bank for 14 years as Asia Pacific Head of Trust & Securities Services/Cash Management for Financial Institutions.
The MCX is country’s first listed commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions. It started functioning in November 2003 and operates within the regulatory framework of the Forward Contracts Regulation Act (FCRA), 1952.
So let’s do:
1. Expand the term FCRA ?
2. Who is appointed as MD and CEO of Multi Commodity Exchange ?
Source – The Bussiness Standard