Newest Stock Exchange MCX-SX To Start Operations Diwali
Kolkata: MCX Stock Exchange (MCX-SX), the new entrant to the stock market trading, aims to begin trading with about 1,000 to 1,200 stocks when it starts operations around the Diwali festival in mid-November. “Though the research team is still working on this, the number of scrips could be 1,000 to 1,200 out of some total of 5,500 scrips listed in other bourses,” MCX-SX managing director and CEO Joseph Massey told reporters here Thursday.
The bourse would initially list liquid stocks of BSE and NSE under permitted category, said MCX-SX vice chairman Jignesh Shah.
The exchange will focus on fixed income products in rural areas of the country as they are less risky investments as compared with equity. “We need to introduce innovative products. We also need to focus on innovation in existing products and this can be done by modifying contract, delivery, size of contract and pricing,” Massey said.
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