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Will MCX-SX undertaking be enough to soften Sebi’s stance?

Posted on 29 November 2011

The Bombay high court has reserved its judgement in the MCX Stock Exchange (MCX-SX) case yet again. The exchange had filed a writ petition about a year ago, challenging market regulator Securities and Exchange Board of India’s (Sebi) decision to reject its application to launch new segments such as equity and interest rate derivatives.
After extensive hearings on the matter, the ball is now in Sebi’s court………………………………………..Full Article: Source


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