Battle of the exchanges: MCX-SX enters the fray
After a long tussle with Sebi, MCX-SX looks ready to throw open its doors to companies who want to list themselves on it. The question is, do we need it? It is more than likely that very soon, India may see the birth of a third national stock exchange that will start competing for business with the existing two, namely the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). MCX-SX, co-promoted by Jignesh Shah-led Financial Technologies (FT) as well as Multi Commodity Exchange (MCX), offers trading only in currency futures at present.