FTIL up 3.5% as MCX-SX gets commencement certificate
Financial Technologies (FTIL) gained as much as 3.6 percent to touch an intraday high of Rs 1,119.80 on Thursday as its promoted company MCX Stock Exchange (MCX-SX) has received the final go-ahead from the financial markets regulator Securities and Exchange Board of India (SEBI) for going live in new product segments
December 20, 2012 / 15:18 IST
Financial Technologies (FTIL) gained as much as 3.6 percent to touch an intraday high of Rs 1,119.80 on Thursday as its promoted company MCX Stock Exchange (MCX-SX) has received the final go-ahead from the financial markets regulator Securities and Exchange Board of India (SEBI) for going live in new product segments such as equity, wholesale debt (bonds) and interest rate derivatives.
"Out of the 700 applications received during its membership drive, 434 applications are forwarded to SEBI for registration and the balance members are in the process of completing documentation with the exchange. SEBI has already cleared the first lot of registration of 100 members and the balance applications are expected to be cleared shortly," the company said in its release.A mock testing session for its Capital Market segment was held on the auspicious occasion of ‘Chatt’ festival on November 19, 2012 to familiarise participants with this new trading platform of MCX-SX.
At 15:00 hours IST, the stock rose 2.69 percent to Rs 1,110 amid large volumes.Its group company Multi Commodity Exchange of India, wherein Financial Technologies holds 26 percent stake as of September 2012, gained 1 percent to Rs 1,507.50. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
