MCX ban: 'Rules are for all'

A day after the regulator rejected the application of MCX Stock exchange seeking permission to deal in equity, citing reasons of non-adherence to the regulations, the regulator maintained that everyone has to follow the guidelines. HT reports.

A day after the regulator rejected the application of MCX Stock exchange (MCX-SX) seeking permission to deal in equity, citing reasons of non-adherence to the regulations, the regulator maintained that everyone has to follow the guidelines.

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"Everybody has to stick to the guidelines," said Bhave when asked about the reasons for rejecting the application of MCX-SX to start trading in equity and derivatives.

Following the regulators action on Thursday the share price of Financial Technologies fell sharply by 11 per cent in Friday to close at Rs 1,221.