The Securities Exchange Board of India (SEBI) has approved a new name for MCX Stock Exchange (MCX-SX) which will now be known as ‘Metropolitan Stock Exchange of India Ltd’, abbreviated as ‘mSXI’. “The name change is part of the turnaround strategy to give the exchange a new identity, disassociate from the promoters (Financial Technologies (India) Ltd. which was hit by Rs.5,600-crore National Sport Exchange Ltd. scam and shift to a high growth phase. The exchange is in the process of making an application to Registrar of Companies (RoC) for registration of the new name,” MCX-SX said in a statement.