Capital market regulator, SEBI, yesterday rejected the application of MCX Stock Exchange for a full-fledged bourse status. MCX Stock Exchange Ltd., promoted by India's largest commodity bourse, MCX, and another group company, FTIL, currently offers trading in currency futures only. In April, MCX-SX had applied to deal in interest rate derivatives, equity, futures and options on equity and wholesale debt segments, and all other segments where the Bombay Stock Exchange and National Stock Exchange have a presence. In its order, SEBI said it was not satisfied that it would be in the interest of trade, and also in public interest, to allow the application. SEBI listed excessive concentration of economic interest in the stock exchange in the hands of the two promoters – MCX and FTIL — and not being fully compliant with shareholding regulations, as being among the reasons for rejecting permission.