MCX-SX, the latest entity to set up a full-fledged stock exchange, on Thursday said it expects to begin trading with about 1,000-1,200 stocks when it starts operations around Diwali.
The exchange would begin negotiating with companies about six months later for proper listing on its bourse, official said.
MCX-SX will commence trading in cash market and derivative segments (futures and options). The debt market trading would be introduced later.
Asked about reducing the market transaction fees and the trading volume at which the exchange would break-even, Massey said much depended on exchange earnings, but indicated the bourse was likely to become profitable from the start.
MCX-SX had offered up to 50 per cent reduction in transaction fees and "cost optimal" membership fee structure. Shah said lower transaction charges will be of direct benefit to investors. Moreover, the exchange would publish market reports in regional languages to help people not comfortable with English.
Meanwhile, asked why MCX-SX chose to have a 40-share index, Shah said 30 scrips will be the same as on BSE, but the rest 10 would reflect the growth story of India. Via
MCX-SX will commence trading in cash market and derivative segments (futures and options). The debt market trading would be introduced later.
Asked about reducing the market transaction fees and the trading volume at which the exchange would break-even, Massey said much depended on exchange earnings, but indicated the bourse was likely to become profitable from the start.
MCX-SX had offered up to 50 per cent reduction in transaction fees and "cost optimal" membership fee structure. Shah said lower transaction charges will be of direct benefit to investors. Moreover, the exchange would publish market reports in regional languages to help people not comfortable with English.
Meanwhile, asked why MCX-SX chose to have a 40-share index, Shah said 30 scrips will be the same as on BSE, but the rest 10 would reflect the growth story of India. Via
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