MCX-SX, the newest stock exchange, clarified that it is in no hurry to garner market share or increase volumes by cutting prices. Is it because of its sour relations in the past with the regulator or is the sibling of MCX being modest?
Yogesh Sapkale
MCX Stock Exchange (MCX-SX) has begun live trading in equities and equity derivatives from Monday with its 40-stock index—SX40. Being a part of Financial Technologies India (FinTech) and the Multi-Commodity Exchange (MCX) group, one would expect the new stock exchange to be aggressive. However, looking at the past fractious relationship with the regulators, neither MCX-SX nor its top honchos are willing to show their aggressiveness, at least not openly.
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