MCX-SX, the third bourse on the equities and equity derivatives trading block declared on 31 May 2013 declared that it received approval from SEBI for operating separate debt as well as SME trading platforms. Trading in these segments on MCX-SX would begin in coming weeks.
SEBI, the market regulator gave final approval to MCX Stock Exchange (MCX-SX) for trading in the debt segment. In-principle approval was granted for Small Medium Enterprises (SME) platform.
In MCX-SX debt segment, trading could be done by retail investors, pension funds, provident funds, banks as well as the insurance companies. Separate order books will be there for institutional as well as retail investors. Trading in this segment will commence from July 2013. SME segment of MCX-SX would commence after the final approval of SEBI.
It is important to note that National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are running the SME platforms already. Recently, NSE also launched separate unified debt segment, while the BSE is awaiting approval from SEBI for the debt platform.