FM to inaugurate MCX-SX equity segment on February 9

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FM to inaugurate MCX-SX equity segment on Feb 9
Finance Minister P Chidambaram will inaugurate the equity and equity derivative segment of MCX Stock Exchange (MCX-SX) on February 9.

The exchange will commence its operation from February 11, the company said in the press release. A mock testing session for its Capital Market segment was held on the auspicious occasion of ‘Chhat' festival on November 19, 2012 to familiarise participants with this new trading platform of MCX-SX.

Commenting on the development, Mr. Jignesh Shah, Vice Chairman of MCX-SX, said, "Inauguration of MCX-SX equity segment will be a significant milestone not only for MCX-SX but the entire nation. 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 was granted the status of a "recognized stock exchange" by the Ministry of Corporate Affairs (MCA), Government of India on December 21, 2012. It received "commencement certificate" from market regulator SEBI for trading in new segments such as Equity, Futures and Options on Equity, Interest Rate Derivatives and Wholesale Debt Market on December 19, 2012.

Read more about: mcx, finance ministrty, chidambaram
Story first published: Tuesday, January 29, 2013, 9:28 [IST]
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