Multi Commodity Exchange of India (MCX) promoted MCX Stock Exchange (MCX-SX), the new stock exchange, and NSE will be launching interest rate futures. Both the exchanges will launch the product in their currency derivatives segment after receiving approval for the same from The Securities and Exchange Board of India (SEBI).
NSE will launch trading in this instrument on January 21 while MCX-SX will commence trading within this month. The product will benefit banks, brokerage houses, insurance companies and primary dealers, etc.
MCX-SX is the first and only exchange in India to have adopted the Industry Classification Benchmark (ICB), the global company classification standard of the FTSE Group, and also collaborated with Indian Statistical Institute (ISI) - India’s premier statistical research institute - and FTKMC for creating SX40 and other index product offerings that would be launched in the future.
NSE will launch trading in this instrument on January 21 while MCX-SX will commence trading within this month. The product will benefit banks, brokerage houses, insurance companies and primary dealers, etc.
MCX-SX is the first and only exchange in India to have adopted the Industry Classification Benchmark (ICB), the global company classification standard of the FTSE Group, and also collaborated with Indian Statistical Institute (ISI) - India’s premier statistical research institute - and FTKMC for creating SX40 and other index product offerings that would be launched in the future.
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