MCX-SX, the new entrant to stock market trading, said it expects to add at least 200 members for its stock exchange from eastern India when it starts operations around Diwali.
“There are about 100 members each trading at the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). At the Kolkata stock exchange, there are about 900 registered members. We anticipate around 200 members from this part (eastern region) of the country,” Arindam Saha, vice president-business development, MCX SX said at an awareness programme organised at the Utkal Chamber of Commerce and Industry here. Saha said, a regional stock exchange can trade according to the Section – 13 of the Securities and Exchange Board of India (Sebi) Act or float a 100 per cent subsidiary to become a member of MCX SX.
