Prior to this appointment, he was given an interim charge after then MD and CEO Saurabh Sarkar had resigned. Udai Kumar is a veteran of the capital and financial markets. He has over two decades of rich experience in stock exchange administration, fund-raising, capital markets, restructuring and merger and acquisition functions. The SEBI approval comes after a stringent short-listing process and interviews by the Selection Committee to select a suitable candidate for the role.
Metropolitan Stock Exchange of India (formerly MCX Stock Exchange) has appointed its interim Managing Director & CEO Udai Kumar as MD & CEO after receiving necessary approvals from securities regulator SEBI.
Metropolitan Stock Exchange of India Ltd (MSEI), is India’s youngest and one of the three stock exchanges recognized by country’s securities market regulator Securities and Exchange Board of India (SEBI). It offers an electronic, transparent and hi-tech platform for trading in Capital Market, Futures & Options, Currency Derivatives, Interest Rate Futures (IRF) and Debt Market segments. It was founded in 2008.
MSEI was selected as the ‘Stock Exchange of the Year – Asia’ in the European Asia Awards 2014. MSEI has the best in class automated screen based trading system, which is hosted on a fully fault tolerant Stratus ft Server. Stratus ft Server delivers an up-time of 99.999% providing continuous availability.
Extra Info :
MSEI headquarter : Mumbai.
MSEI Chairman : Thomas Mathew T
So lets discuss some questions related to this article which can e asked in the upcoming exams :
1. Name the person who has been appointed as full time MD & CEO of MSEI ?
2. Expand the term MSEI.
3. Who is the current chairman of MSEI ?
4. Expand the term SEBI .
5. Name the person who has been replaced by Udai Kumar ?
Courtesy : Business Standard