MCX-SX Holds Mock Testing Session of its Capital Market Segment
The mock testing session, held from 5 pm to 7 pm today, coincided with the auspicious ‘Chhat’ puja. Chhat is one of the most important festivals during the Diwali period, having a great significance especially among traders and businessmen as it stands for prosperity and well-being. Thus, MCX-SX commencing its journey to create a new history in India’s financial markets assumes a greater importance with the mock testing coinciding with this pious festive season.
Commenting on this historic development, Mr. Joseph Massey, MD & CEO of MCX-SX, said, “It is indeed a momentous occasion for us. We have committed ourselves to bring about a meaningful change in India’s financial markets and enhancing efficiencies to cater to the diverse needs of Indian investors and the industry. We will work continuously to realise the regulators and government’s vision of financial inclusion and 360-degree development of our markets.”
MCX-SX is in complete state of readiness to go live and the Exchange would commence operations in equity trading as soon as it reaches the critical mass of registering 350 members.
The Exchange created a world record by receiving over 700 applications for new membership during the membership drive which commenced on September 5, 2012. The membership drive was launched following an approval from the Securities Exchange Board of India (SEBI) to offer Equity, Futures and Options on Equity, Interest Rate Derivatives and Wholesale Debt Market segments.