MCX-SX aims to start equity trading in mid-Nov: CEO - Hindustan Times
close_game
close_game

MCX-SX aims to start equity trading in mid-Nov: CEO

Reuters | By, Mumbai
Sep 10, 2012 09:10 PM IST

MCX Stock Exchange aims to formally start stocks trading around the Diwali festival in mid-November, chief executive Joseph Massey said today, in its quest to become the country's third major equities market.

MCX Stock Exchange aims to formally start stocks trading around the Diwali festival in mid-November, chief executive Joseph Massey said on Monday, in its quest to become the country's third major equities market.

HT Image
HT Image

The MCX Stock Exchange has been quickly taking the necessary steps to commence stock trading since the July approval by market regulator Securities and Exchange Board of India to trade in equities, equity futures, interest rate futures and wholesale debt products.

Hindustan Times - your fastest source for breaking news! Read now.

Massey made the comments during a news conference meant to mark the start of MCX-SX's drive to recruit broker members. Diwali is in mid-November and considered an auspicious time by many Indians.

By starting stock trading, MCX-SX, controlled by the Multi-Commodity Exchange of India, India's biggest commodity bourse, hopes to challenge the more entrenched Bombay Stock Exchange and the National Stock Exchange.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On