Mumbai, July 11: MCX Stock Exchange (MCX-SX) today said it would launch trading in equities in the next few months as the process of enrolling members and registering them could take some time.
On Tuesday, MCX-SX received formal approval from the Securities and Exchange Board of India (Sebi) to commence trading in new asset classes. These include equity and equity futures & options, interest rate futures and wholesale debt segment. At present, MCX-SX only offers trading in currency futures contract. It will, thus, become the third national level stock exchange after the NSE and the BSE.
According to Joseph Massey, managing director and chief executive of MCX-SX, while it has the required technology and infrastructure in place, enrolment of members and registering them could turn out to be a time-consuming process.
“It will take a few months,” Massey told reporters when asked when it would start trading in stocks.