Skip to main content

MCX Stock Exchange - MCX-SX

masterandstudent-mcx-sx
MCX Stock Exchange Limited (MCX-SX), branded as India’s new stock exchange, is set to launch equity segment  from Diwali, according to exchange sources.Earlier in 2008, MCX commenced operations in the Currency Derivatives (CD) and has been witnessing a steady and significant growth in average daily turnover and open interest ever since its inception. It has a separate clearing corporation, MCX-SX Clearing Corporation Ltd. (MCX-SX CCL), through which the clearing and settlement is conducted.


The currency derivatives segment at MCX-SX is supported by a strong membership base and witnesses a nation-wide participation. At the end of July 2012, MCX-SX had 751 members and saw participation from 714 towns and cities across India. MCX-SX has received permissions to deal in Interest Rate Derivatives, Equity, Futures & Options on Equity and Wholesale Debt Segment.


Following its success in Currency futures, MCX is all set to launch its equity operations from Diwali. What does this mean for an investor and trader?

MCX-SX is planning to offer competitive membership fees, which could trigger a price war causing the BSE and the NSE to revise their membership fee structure. This would help in reduced transaction charges for the investor and trader. Just like Bombay Stock Exchange BSE and National Stock Exchange NSE, investors and trader could buy and sell stocks, futures and options in MCX-SX. It's just that your broker has to be a member of MCX-SX and surely, leading brokers would provide trading facilities of MCX-SX, since the costs involved are going to be lesser than now.

Investor and traders, over the past 15 years are very much connected with BSE and NSE, but they are in for a change and it would be a new beginning for them.

Change is here, be part of it !

Just visit the new exchange here at MCX-SX.


Tags

Comments

  1. mcx-sx is going to be a nice change and choice for the traders.

    ReplyDelete

  2. Yes, MCX is a stock to watch out for, once the operations of this exchange commence.

    ReplyDelete

  3. MCX-SX to go live on Feb 11, 1116 securities to trade.

    ReplyDelete

Post a Comment

Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:



Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

…
Post a Comment
Read more

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.




You could just try the same here at Moneycontrol Terminal


11 comments
Read more

NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.


Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…
Post a Comment
Read more