FM to launch MCX-SX platform on February 9
Finance minister P Chidambaram will inaugurate equity trading platform of the MCX-Stock Exchange (MCX-SX) on February 9.business Updated: Jan 28, 2013 22:12 IST
Finance minister P Chidambaram will inaugurate equity trading platform of the MCX-Stock Exchange (MCX-SX) on February 9.
The exchange, which will compete with other full-fledged nationwide stock exchanges like Bombay Stock Exchange (BSE) and National Stock Exchange, will commence live trading in equities from February 11.
“Inauguration of MCX-SX equity segment will be a significant milestone not only for MCX-SX but for the entire nation,” said Jignesh Shah, vice-chairman, MCX-SX. “Our exchange adds a new dimension to the exchange evolution by embedding growth and inclusion that are so critical for a country like India.”
MCX-SX is providing trading platform for currency derivatives segment at present and would become a full-fledged stock exchange after the launch of other segments like equity, equity derivatives, bonds and interest rate derivatives.