Millennium Post

MCX-SX’s debt segment to go live from today

The country's newest stock exchange, MCX-SX, will commence live trading on its dedicated debt- trading platform from Monday.
The debt segment was launched by MCX-SX on Friday when its equity segment daily turnover crossed Rs 1,000 crore milestone, while turnover of its flagship stock index 'SX40' crossed Rs 500 crore mark.The country's largest stock exchange NSE recently launched its dedicated debt platform, while BSE has also got an approval from Sebi for this segment.

MCX-SX's debt segment would go live from Monday, 10 June, 2013.The new dedicated segment would facilitate trading and settlement in all debt securities on a single platform, in line with the mechanism in place globally in the fixed income markets. MCX-SX would offer retail and institutional market for the debt segment in line with regulator Securities and Exchange Board of India (Sebi) guidelines and the market timings would be from 9 am to 5 pm.

The exchange received permission from Sebi to deal in equity and equity futures & options, interest rate futures and wholesale debt segments in July 2012. Consequently, it conducted a membership drive in September-October 2012 and finalised the necessary infrastructure, systems and procedures to begin trading.
Next Story
Share it