NSE, MCX in merger talks, could submit proposal to Sebi this month

The National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX) entered into merger talks ahead of the implementation of the universal exchange framework in October, said a top official. The two entities are planning to approach market regulator Securities and Exchange Board of India (Sebi) as early as this month, according to the official.
 
The merger will help NSE and MCX cement their leadership position both in the equities and commodity derivatives space.
 
Both the exchanges have readied a blueprint for the merger proposal which will be discussed with Sebi. Sources say NSE entered talks with the