The much-talked about trading launch of MCX-SX, the third equity exchange in the country, is likely to begin in January
Mumbai: Moving closure to the launch of the country's newest stock exchange platform, MCX Stock Exchange (MCX-SX) said it got the 'commencement certificate' from market regulator Securities and Exchange Board of India (SEBI) to go live with its trading operations as a full-fledged bourse, reports PTI.
The 'commencement certificate' is the final go-ahead from the SEBI for MCX-SX to go live in new product segments such as equity, wholesale debt (bonds) and interest rate derivatives, the exchange said in a statement.
The much-talked about trading launch of MCX-SX, the third equity exchange in the country, is likely to begin in January, exchange sources said.
MCX-SX is currently providing trading platform for only currency derivatives segment and would become a full-fledged stock exchange after launch of other segments like equity, equity derivatives, bonds and interest rate derivatives.
After going live, MCX-SX would compete with other full-fledged nationwide stock exchanges like the NSE and BSE.
The exchange said that SEBI has already cleared the first lot of registration of 100 members and the balance applications are expected to be cleared shortly.
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