The MCX-SX will be made operational in the coming few months, according to Managing Director and Chief Executive Officer (CEO), Mr Joseph Massey.

The remarks from Mr. Massey comes after the india's capital market regulator, the Securities Exchange Board of India (SEBI) gave its approval to MCX-SX to deal in equity and equity futures & options, interest rate futures and wholesale debt segments on Tuesday.

MCX Stock Exchange Ltd will become a full fledged stock exchange after it has receved the permission to offer equity- and stock-derivatives trading to the investors. MCX-SX is promoted by Financial Technologies India Ltd. and Multi Commodity Exchange of India Ltd. It presently offers trading in currency futures only.

Earlier this year, the Bombay high court had set aside an order of market regulator barring MCX Stock Exchange (MCX-SX) from beginning equity trading. The high court has asked SEBI to review the petition by MCX-SX to start equity trading. The court has said that the regulator has one month to hear MCX-SX.

SEBI was against the way in which the promoters of the exchange, MCX and FTIL issued their warrants to banks and financial institutions. The court observed that the three objections put forward by Sebi were incorrect.