Published On: Wed, Jan 30th, 2013

MCX-SX Equity and Equity Derivative Segment to be Inaugurated on Feb 9, 2013

Jignesh Shah, Vice Chairman MCX-SX

Jignesh Shah, Vice Chairman MCX-SX

The Equity and Equity derivative segment of MCX Stock Exchange (MCX-SX) will be inaugurated on February 9, 2013 by Shri P. Chidambaram, Hon’ble Union Finance Minister. Shri. U K Sinha, Chairman, Securities and Exchange Board of India (SEBI) and Dr. Arvind Mayaram, Secretary- Dept of Economic Affairs will also be present at the function to be held in Mumbai. Live trading in this segment will commence from February 11, 2013.

Commenting on the development, Mr. Jignesh Shah, Vice Chairman of MCX-SX, said, “Inauguration of MCX-SX equity segment will be a significant milestone not only for MCX-SX but the entire nation. Our exchange adds a new dimension to the exchange evolution by embedding growth and inclusion that are so critical for a country like India.”

Mr. Joseph Massey, MD & CEO, MCX-SX added “We will continue with our efforts to ensure equitable and inclusive growth of Indian Capital Market. In line with the regulator’s vision, our focus will be to increase the depth of markets, introduce new segments and strengthen participation of investors from across the country.”

MCX-SX was granted the status of a “recognized stock exchange” by the Ministry of Corporate Affairs (MCA), Government of India on December 21, 2012. It received “commencement certificate” from market regulator SEBI for trading in new segments such as Equity, Futures and Options on Equity, Interest Rate Derivatives and Wholesale Debt Market on December 19, 2012.

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