 It should enforce fair, ethical and efficient practices in the securities industry.With this mandate, PDEx has created a comprehensive governance structure that is designed to separate the market governance function of PDEx from its corporate governance structure that sees to the business needs of PDEx as a commercial enterprise.The Market Governance Board (MGB) is a separate and independent body that is created for the primary purpose of crafting regulation and the Market Compliance and Discipline Committee (MCDC) for the purpose of seeing to the proper observance of market rules and laws.