Expanding its product offerings, Metropolitan Stock Exchange of India (MSEI), formerly known as MCX Stock Exchange, has introduced new contracts in interest rate futures as well as trading in sovereign gold bonds.
All six tranches of Sovereign Gold Bonds issued by Reserve Bank of India (RBI) till date are available for trading on MSEI platform for all categories of market participants, the exchange said in a statement today.
Besides, MSEI has introduced new interest rate futures (IRF) contracts for underlying 6.79 per cent Government of India Bond maturing on December 2029 (that is thirteen years maturity). These were made effective from January 10.
The exchange is implementing business revival plan under which apart from product launches, the experience of trading on the exchange platform is being revamped.
Among others, the transaction fee of MSEI for various segments have been re-calibrated to aid greater participation from members for improved liquidity and trade efficiency.
"In the recent time to come, exchange is working on innovations for products, technology and processes," MSEI chief operating officer Abhijit Chakraborty said.
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