‘We look forward to begin trading with 1,200 stocks’, says MCX-SX

The latest entity to set up a full-fledged stock exchange; MCX-SX asserted that it expects to begin trading with about 1,000-1,200 stocks when it starts operations around Diwali.

Jignesh Shah, MCX-SX vice-chairman highlighted the future prospects of the company stating that, “We will list liquid stocks of BSE and NSE under permitted category initially,”

“Though the research team is still working on this, the number of scrips could be 1,000-1,200 out of some total 5,500 scrips listed in other bourses,” MCX-SX Managing Director & CEO Joseph Massey said.

The exchange would begin negotiating with companies about six months later for proper listing on its bourse, official said.

MCX-SX will commence trading in cash market and derivate segments (futures and options). The debt market trading would be introduced later.

Focusing on reducing the market transaction fees and the trading volume at which the exchange would break-even, Massey said much depended on exchange earnings but indicated the bourse was likely to become profitable from the start.

MCX-SX had offered up to 50 per cent reduction in transaction fees and “cost optimal” membership fee structure.

Shah said lower transaction charges will be of direct benefit to investors. Moreover, the market reports would be published in the regional languages by the exchange in order to help people not well acquainted with English.


Recent Posts

Delhi’s Khan Market: A Global Retail Icon

Delhi's Khan Market has etched its mark in global retail, securing the 22nd spot in…

1 week ago

Patanjali Ayurved Faces Supreme Court Ire over Misleading Advertisements

In a recent development, the Supreme Court of India has issued a stern warning to…

1 week ago

Byju’s Faces ED Heat: Alleged FEMA Violations worth Rs 9,000 Crore

In the latest twist to the ongoing challenges faced by India’s ed-tech giant, Byju’s, the…

2 weeks ago

India’s GDP Surpasses $4 Trillion: A Milestone or Mirage?

India has reportedly achieved a historic milestone as its gross domestic product (GDP) allegedly crossed…

2 weeks ago

Imphal Airport: Indian Air Force Scrambles Rafale Jets in Response to UFO Sighting

In a surprising turn of events, the Indian Air Force (IAF) recently deployed two Rafale…

2 weeks ago

Urgency in Uttarakhand: India Seeks International Aid for Tunnel Collapse Rescue

In a desperate bid to save 40 workers trapped in a collapsed tunnel in Uttarakhand,…

2 weeks ago