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Third exchange goes live, setting up battle in India

Posted on 12 February 2013

India’s newest stock exchange, the MCX Stock Exchange, started trading shares Monday with thin volumes, taking up a steep challenge to build liquidity and win market share against the dominant National Stock Exchange and the smaller and older exchange, BSE.
As of late Monday morning, the value of shares traded on the MCX-SX, as the new exchange is known, was 1.5 million rupees, or about $28,000, according to data on its Web site. That compared with trading volumes of 34.3 billion rupees on the NSE. Financial industry players said time would tell whether the new exchange could make inroads in India………………………………………..Full Article: Source


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