crore in quarterly expenditure from second to third quarter.
The board authorised certain further actions proposed for cost rationalisation so that the viability of the Exchange could be put on a sound footing.
MCX-SX board has also appointed a chartered accountant firm to conduct its comprehensive audit/review since inception and finalised the terms of reference for the same.
The Exchange has also applied to Sebi for introduction of a new product in the F&O Segment and also for introduction of Interest Rate Futures in the currency derivative segment.
According to the exchange, its newly appointed Chairman G K Pillai said that various cost rationalisation measures, proposed capital infusion plans and expected pickup in growth of business volumes would help MCX-SX record "good business growth and stability".