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MCX-SX debuts today, triggering fresh battle of bourses for volumes

Feb 11 2013, 00:45 IST
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SummaryCompetition among stock exchanges to grab volume is set to intensify from Monday when MCX Stock Exchange goes live with its equity and derivatives segments.

Derivatives contracts on the index will, however, not be available immediately.

While market players believe that investors would gain the most due to the competition between stock exchanges, Chidambaram concluded his speech aptly summing up the scenario expected to emerge in the days to come.

ďYou have competition. There are two guys out there waiting for you to enter their arena. To those two guys I say there is a competitor entering the arena. So good luck to all three of you and I sincerely hope that competition among all three of you would make the stock market a vibrant place for more and more people to invest their savings,Ē he said.

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