MCX-SX,Starts,as,Nationwide,Stock,Exchange

　　India has got its thirdnationwide stock exchange— MCX Stock Exchange (MCXSX). Trading in equities and equity derivatives on the new exchange started from February 11.
　　Under the capital market segment of the MCX-SX, equities of 1,116 companies have been initially admitted for trading. The flagship index is SX40, which includes 40 large-cap and liquid stocks.
　　“Launch of equity and equity derivatives segments of MCX-SX is just a step towards our efforts to provide Indian investors with wider choices of investment and risk management products that match with diverse risk profiles and investment appetites,” Joseph Massey, managing director and chief executive officer, MCX-SX, said at the launch.
　　Analysts welcomed the entry of a new exchange. “MCX-SX’s entry...will bring in more innovation and improve market efficiency. MCX has cornered a monopolistic market share in commodity exchanges. Supply of technology by its parent company will give MCX-SX a competitive edge,” says Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services.

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