Multi Commodity Exchange of India Ltd., MCX-SX gets nod to start equity trading in India, Latest Stock Price

Multi Commodity Exchange of India Ltd., MCX-SX gets nod to start equity trading in India, Latest Stock Price

MCX-Stock Exchange won approval from Indian regulators to kick-start trading of stock products, as the bourse operator looks to challenge more established rivals the Bombay Stock Exchange and the National Stock Exchange.

MCX-SX, which had so far focused exclusively on currency futures, will now be allowed to trade equity, equity futures, interest rate futures and wholesale debt products, according to a company statement issued late on Tuesday.

The Securities and Exchange Board of India approved the entry of the bourse operator into stock trading on condition that MCX, along with its founder Financial Technologies (India) Ltd, reduce their combined stakes to 5 percent within 18 months, the statement said.
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