MCX gains ahead of equity launch
MCX-SX, controlled by commodity bourse MCX and trading software provider Financial Technologies (India), will start trading operations on Monday.
Multi Commodity Exchange of India (MCX) is trading higher by 3% to Rs 1,378 ahead of launch of equity trading platform which will start from Feb 9, 2013.
MCX-SX, controlled by commodity bourse MCX and trading software provider Financial Technologies (India), will start trading operations on Monday after a long regulatory approval process.
“Finance Minister P Chidambaram will ring the opening bell at MCX-SX in Mumbai, government officials in New Delhi said,” as per the Business Standard report.
MCX-SX will pitch its benchmark index SX 40 against NSE’s popular index S&P CNX Nifty and BSE’s Sensex. MCX-SX has said it would start trading with around 1,200 stocks that would be admitted for direct trading on its platform from NSE and BSE under the permitted-to-trade category rules, added report.
The stock opened at Rs 1,349 and hit a high of Rs 1,388 on NSE. A combined 71,655 shares have changed hands on the counter so far on both the exchanges. Financial Technologies (India) is also up by 1% 1,087 on NSE.
MCX-SX, controlled by commodity bourse MCX and trading software provider Financial Technologies (India), will start trading operations on Monday after a long regulatory approval process.
“Finance Minister P Chidambaram will ring the opening bell at MCX-SX in Mumbai, government officials in New Delhi said,” as per the Business Standard report.
MCX-SX will pitch its benchmark index SX 40 against NSE’s popular index S&P CNX Nifty and BSE’s Sensex. MCX-SX has said it would start trading with around 1,200 stocks that would be admitted for direct trading on its platform from NSE and BSE under the permitted-to-trade category rules, added report.
The stock opened at Rs 1,349 and hit a high of Rs 1,388 on NSE. A combined 71,655 shares have changed hands on the counter so far on both the exchanges. Financial Technologies (India) is also up by 1% 1,087 on NSE.