MOSL: THE CORNER OFFICE(MCX)—Reform ball set rolling-multiple other opportunities in the pipeline post options intro

​THE CORNER OFFICE (MCX) — Reform ball set rolling; multiple other opportunities in the pipeline post options introduction

Mr Mrugank Paranjape —CEO & Managing Director

Mr Mrugank Paranjape has over 25 years of experience in Corporate Banking, Securities Markets, Technology, Asset Management and Custodial Services.

Prior to joining MCX, Mr Paranjape was the Managing Director of Deutsche Bank A.G. During the last decade, he has held several leadership positions and assignments with Deutsche Bank in India and abroad, including Managing

Director-Corporate Banking & Securities; Managing Director, Trust and

Securities Services & Cash Management for FIs Asia-Pacific; Head Investor Services (IS) Asia (Singapore); Head IS, South, and South-East Asia, and India.

He has also held senior management roles in international organizations, including Prudential ICICI AMC, Reliance Logistics, IndiaInfoline.com, W.I. Carr Securities, ING Baring Securities, IIT Invest Trust and Citibank.

We met with Mr Mrugank Paranjape, CEO of MCX, to discuss (i) recent and upcoming regulatory changes that would mark the introduction of new products, participants and opportunities for exchanges and (ii) MCX’s strategy and positioning to capitalize on these opportunities. Key takeaways:

Multiple avenues for growth

• Opportunity for MCX would come from [1] introduction of derivative products, [2] market opening up to new participants and [3] asset classes opening up to all exchanges.
• The Securities and Exchange Board of India (SEBI) has been following the above order in its regulatory reforms, with the most recent one being allowing of options and releasing the guidelines with respect to the product design and risk management framework in its circular dated 13 June 2017.