MSE Relaunch 2026: What Is Metropolitan Stock Exchange of India, Why SEBI Backed It, and What’s Next
The full form of MSE is Metropolitan Stock Exchange of India. The Metropolitan Stock Exchange of India came into existence on 26 August 2008. It was established to provide an advanced and transparent electronic platform for trading in India’s capital markets. MSE officially received recognition as a stock exchange in 2012, marking an important step toward increasing competition in India’s financial ecosystem.
MSE offers a fully electronic, hi-tech, and transparent trading platform. It operates across multiple segments, including capital markets, futures and options, currency derivatives, and debt market segments. Over the years, the exchange has focused on developing a robust infrastructure that meets modern trading requirements.
Why SEBI Backed the MSE Relaunch 2026?
The Securities and Exchange Board of India (SEBI) provided regulatory backing to MSE after observing India’s growing role in global exchange trading. SEBI reports indicate that around 30–40 percent of growth market index participation is covered by Indian trading activity. Based on MSE’s performance and operational capabilities, SEBI selected it as a recognised trading platform.
MSE was backed for its electronic, high-tech, and transparent framework, which aligns with SEBI’s objective of improving efficiency and fairness in the Indian capital market. The exchange provides trading opportunities in equity, derivatives, currency, and debt segments, helping broaden market access for investors.
MSE Shareholders and Regulatory Framework
Metropolitan Stock Exchange of India operates under the regulatory supervision of SEBI and the Reserve Bank of India (RBI). The exchange launched derivatives trading on its SX40 B index in 2013, which consists of 40 large-cap, liquid stocks across different sectors, including 10 major banking stocks.
MSE shareholders include a mix of private and public sector banks, financial institutions, exchanges, private investors, and the Multi Commodity Exchange of India Limited (MCX). This diversified ownership structure strengthens the exchange’s credibility and financial backing.
MSE offers a wide range of products and services across multiple asset classes in India, enabling it to respond effectively to changing market demands.
Who Is the MD of MSE In The MSE Relaunch 2026 Phase?
Ms. Latika S. Kundu serves as the current Managing Director (MD) and Chief Executive Officer (CEO) of the Metropolitan Stock Exchange of India. She oversees operations and growth strategies, supported by the board of directors, which includes public interest directors and shareholder representatives.
MSE Relaunch in 2026
Metropolitan Stock Exchange of India is India’s third major national stock exchange, competing with the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). After a period of limited activity, MSE is being relaunched with regular operations commencing on 27 January 2026.
A special trading session is scheduled for 1 February 2026, coinciding with Union Budget day. The relaunch will begin with 130 stocks, aiming to improve liquidity through a Liquidity Enhancement Scheme (LES). Notably, the exchange will also remain open on Sunday, 1 February 2026, offering improved infrastructure and better performance for traders.
Aim of the Metropolitan Stock Exchange of India
The primary aim of MSE relaunch , 2026 is to challenge the NSE–BSE duopoly in India’s stock market. The exchange is supported by interest from fintech brokers such as Zerodha and Groww. MSE plans to relaunch 130 stocks in equity and equity derivatives segments to rebuild market participation.
The exchange is also targeting a renewed presence in SME and startup listings, positioning itself as a growth-focused platform for emerging businesses.
Future of MSE
The future of the Metropolitan Stock Exchange of India appears promising but challenging. In mid-January 2026, MSE issued multiple notices regarding suspension of trading, inclusion of new securities, and application of Additional Surveillance Measures (ASM).
Despite challenges, MSE aims to attract traders by offering incentives such as the Liquidity Enhancement Scheme (LES). With regulatory support, improved infrastructure, and renewed participation, MSE Relaunch 2026 marks an important step in reshaping India’s stock exchange landscape.
Exited for the new lauch