Jul 12, 2012, 08.23 AM IST

MCX gets SEBI nod to start equity trading platform

Multi Commodity Exchange of India has got SEBI nod to start equity trading platform on MCX-SX, reports CNBC-TV18.

Source: Moneycontrol.com

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Multi Commodity Exchange of India has got SEBI nod to start equity trading platform on MCX-SX. The company has got nod for commencing operations in new asset classes. It has granted permission to deal in the Interest rate futures and wholesale debt segments, reports CNBC-TV18.

MCX & FTIL shareholding in equity share capital of MCX-SX will be brought within 5% limit within 18 months. Also MCX & FTIL will reduce their rights over equity arising from warrants within 3 years. The combined voting rights of FTIL & MCX can’t exceed 5% at any point of time.

Multi Commodity Exchange and Financial Technologies were among the top five most active stocks on exchanges..

At 10:27 hrs Multi Commodity Exchange of India was quoting at Rs 1,194.95, up Rs 37.85, or 3.27%. It touched an intraday high of Rs 1,246.20 and an intraday low of Rs 1,189.40.

It was trading with volumes of 241,356 shares. In the previous trading session, the share closed up 1.13% or Rs 12.90 at Rs 1,157.10.

Financial Technologies gained 6.4% or Rs 48.25 at Rs 801.65. It touched an intraday high of Rs 824.90 and an intraday low of Rs 771.25. It was trading with volumes of 321,479 shares. In the previous trading session, the share closed up 0.65% or Rs 4.90 at Rs 753.40.