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MCX-SX gets Sebi go-ahead to launch fresh contracts
Highlights
Struggling bourse MCX-SX said capital markets watchdog Sebi has granted it a go-ahead to launch fresh contracts. With the Sebi\'s green signal, \"the last of the clouds have cleared from the exchange,\" MCX-SX Managing Director and Chief Executive Saurabh Sarkar said.
Mumbai: Struggling bourse MCX-SX said capital markets watchdog Sebi has granted it a go-ahead to launch fresh contracts. With the Sebi's green signal, "the last of the clouds have cleared from the exchange," MCX-SX Managing Director and Chief Executive Saurabh Sarkar said.
In a statement here, the exchange said it will be launching contracts in currency futures, currency options, interest rate futures, and equity and index derivatives. The exchange, which started operations in 2012, had been facing problems ever since troubles started for its original promoter Financial Technologies.
The country's first privately promoted equity stock exchange had mid last year discontinued its equity trading following regulatory and financial troubles at its parent FTIL.
PTI
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