Posts Tagged ‘Entry cost’

MCX Stock Exchange Targets Bottom of the Pyramid

MCX Stock Exchange drawn up a strategy to lower costs significantly to take on established players :)

MCX Stock Exchange drawn up a strategy to lower costs significantly to take on established players 🙂

The MCX Stock Exchange (MCX-SX), which is still some distance away from launching trade in equities, has already drawn up a strategy to lower costs significantly to take on established players.

🙂

Exchange, promoted by the Financial Technologies group, is waiting for approval from the market regulator.

But the blueprint is aimed at doing what the National Stock Exchange (NSE) did to the capital markets 15 years ago.

MCX-SX is planning to significantly lower :

1) the Entry Cost,

2) the Cost of Transaction, and

3) the Cost of Technology.

Under the plan, there will be many more segments to trade.

Mutual funds and Initial Public Offers might also be distributed.

🙂

In Other major Agri Updates :

FMC open to debate on extended trading hours:

The Forward Markets Commission (FMC), the commodity markets regulator, says it is willing to discuss the issue of extending trading hours, in line with what the equity markets regulator, the Securities andExchange Board of India (Sebi), did last week.

Sebi has allowed trade timing in equities to be extended, from 9 am to 5 pm; the current hours are 9:55 am to 3:30 pm.

Currently, agri commodities are traded on the exchanges between 10 am and 5 pm.

Market participants have urged the regulator on various occasions to extend trading time till at least 7.30 pm, to capture the sentiment of late evening trades.

🙂

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