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Dec 22, 2012
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MCX-SX gets final clearance from SEBI
MCX Stock Exchange (MCX-SX) has received the final go-ahead from regulator Securities and Exchange Board of India (SEBI) for going live in new product segments such as equity, wholesale debt (bonds) and interest rate derivatives. Joseph Massey, MD& CEO of MCX-SX, said in a statement, that out of 700 applications for new membership received by MCX-SX, a world record for an exchange before going live, 434 applications had been forwarded to SEBI for registration, after completion of documentation process and scrutiny of members.
Source -
http://www.thehindu.com
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