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Mar 13, 2013
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MCX-SX fails to make impact
The latest national exchange MCX-SX has not managed to gain a market share of even one per cent in terms of turnover in one month of its existence. The exchange was launched on February 9 by Finance Minister P.Chidambaram and went live from February 11. The average daily turnover of MCX-SX since its inception stands at Rs 99.52 lakh in the cash segment and Rs 81.27 crore in the F&O segment. LONG WAY TO GO The turnover improved in recent times after the exchange introduced a liquidity enhancement scheme to incentivise brokers and members with attractive cost reductions and benefits.
Source -
http://www.thehindubusinessline.com
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