MCX-SX cash segment turnover up 4.25% in August

PTI Updated - March 12, 2018 at 04:08 PM.

As crisis continues to engulf National Spot Exchange Ltd (NSEL), cash segment equity turnover at MCX-SX, promoted by the same group, rose 4.25 per cent to Rs 1,085 crore in August.

MCX-SX licence is coming up for renewal before SEBI later this month.

As per latest data available with MCX-SX, the cash segment equity turnover increased to Rs 1,085.7 crore in August.

However, the cash market turnover had fallen sharply in July to Rs 1,041.4 crore, after crossing Rs 2,000-crore mark in May and had nearly touched Rs 3,000 crore figure in June.

MCX-SX began operations as a full-fledged stock exchange in February this year and will be up for a licence renewal this month.

However, its equity derivative segment turnover declined 29.3 per cent to Rs 23,105 crore in August. As many as 8.61 lakh derivative contracts were traded on the MCX-SX platform during August.

The equity derivative segment had witnessed a growth of over 100 per cent to Rs 32,686 crore in July 2013, as per market regulator SEBI.

Financial Technologies-promoted NSEL is now facing a crisis of settling Rs 5,600 crore dues to 148 members/brokers, representing 13,000 investor clients, after its trade was suspended on July 31 by government orders.

Multi Commodity Exchange (MCX) and Financial Technologies together hold 9.97 per cent shareholding in MCX-SX, as on quarter-ended June 30, 2013.

Published on September 4, 2013 09:54
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