Multi Commodity Exchange of India (MCX) promoted MCX Stock Exchange (MCX-SX), the new stock exchange, has recorded a turnover of Rs 30.9 crore, in cash segment, for March 2013, massive growth from its dismal Rs 2.5 crore in the debutant month.
However, the bourse which commenced live trading in equity and derivatives segment on February 11, this year, lags way behind the turnover recorded by its contenders National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The monthly turnover of NSE stood at Rs 2.12 lakh crore, while that of BSE was Rs 39,745 crore. Meanwhile, in the derivative segment, MCX-SX turnover rose to Rs 7,897 crore in March 2013 as compared to Rs 160 crore in February.
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.
