MCX-SX to go live on Feb 11, 1116 securities to trade
MCX-SX (India's New Stock Exchange) will become the third stock exchange after BSE & NSE that is going to commence live trading in the capital market segment with effect from February 11, 2013.
MCX-SX (India's New Stock Exchange) will become the third stock exchange after BSE & NSE to commence live trading in the capital market segment with effect from February 11, 2013.
Initially all the securities available for trading will be in 'permitted to trade category'.
Trading hours will be similar to BSE and NSE - i.e. 9 am to 3:30 pm, wherein first 15 minutes will be for pre-open session and then the normal market session will start till 3:30 pm.
MCX-SX said, "The pre-open session is applicable to the securities forming part of indices CNX Nifty and SENSEX. In case of any change in the composition of these indices, the incoming stock(s) will be included in the pre-open session. The outgoing stock(s) will continue to be part of the pre-open session."
Post close session will be for 20 minutes from 3:40 pm to 4:00 pm and then the client code modification time will be upto 4:15 pm.
Special pre-open session is only for IPO/re-listed securities that will be for duration of 60 minutes from 9:00 am to 10:00 am for securities participating in that session and will be followed by the continuous trading session.
"The call auction trading mechanism will be applicable to the special pre-open session to determine the opening price of the stocks that are eligible to participate in that session," MCX said.
The exchange said 1116 securities will be available for trading in the capital market segment. (Check the attachment for list of stocks)