All Entries in the "India" Category
BSE Launches Trading in BRICSMART Indices Derivatives
BSE (formerly known as the Bombay Stock Exchange) March 30, in a bell ringing ceremony, launched the first phase of BRICS (Brazil, Russia, India, China and South Africa) Exchanges Alliance by commencing trading in Hang Seng Index Futures, FTSE/JSE Top40 Futures, iBOVESPA futures and MICEX Index Futures. The Consul Generals of the four nations along [...]
MCX-SX Should Be Allowed to Offer Competition in The Exchange Space
The Bombay High Court has set aside the Sebi order denying MCX-SX permission to conduct any business of a stock exchange other than trade in currency derivatives and directed Sebi to consider MCXSX’s application afresh. This is a welcome development and Sebi should now move expeditiously to let the new exchange start operations in all [...]
BSE SME Exchange Platform Commence Operations
Marked by a well-attended bell-ringing ceremony, BSE Ltd. launched operations March 13 of its SME Exchange platform with the first listing ceremony of BCB Finance Ltd., in the presence of Shri R K Mathur, Secretary, MSME, GoI. Shri Rajeev Agarwal, Whole Time Member, SEBI, and Shri C S Mohapatra, Adviser (FSDC), DEA, MoF. Last September [...]
NSE Allows Trading in MCX Shares
NSE, India’s premier stock exchange which for long has waged a bitter and public battle with Financial Technologies (FT) group both in and out of the courtroom, late on Wednesday allowed shares of the Multi Commodity Exchange (MCX) to trade on its equity platform from Friday. Interestingly, the NSE decision is voluntary since MCX, which [...]
MCX IPO Today in India
India’s largest commodity bourse MCX will hit the capital markets February 22 with an estimated Rs 663 crore (6.63 Billion) initial public offer (IPO), pursuant to with it would become the country’s first ever exchange to get listed. The bidding for shares in the IPO — the first in the year 2012 — will open [...]
Sebi Turns Heat on USE
After locking horns with the MCX Stock Exchange over violation of regulations regarding the shareholding pattern, the market regulator has now turned focus on the United Stock Exchange (USE), the newest one. The Securities and Exchange Board of India (Sebi) has asked USE to bring down the representation of trading members on its board, issuing [...]
Indian Commodity Exchange Record Trading Volume
Indian Commodity Exchange (ICEX), has recorded one of its highest volumes in physical delivery of bullion (Gold & Silver) on its platform. Delivery as a percentage of average Open Interest (OI) was 94.10%, in Gold 62.02% in Silver and 79.78% in Gold 100 gms. With the spurt in the demand of Gold and Silver in [...]
BSE in Collaboration with Morningstar Launches Website for Mutual Funds
BSE Ltd. in collaboration with Morningstar India, today launched a dedicated website to empower investors with relevant information and tools on evaluating mutual fund investment opportunities. BSE StAR MF is the BSE’s exchange traded mutual fund transaction platform and allows subscription and redemption in 29 Mutual funds in the industry. These partner mutual funds on [...]
BSE Signs up FTIL’s ODIN For Equity Derivatives Re-Launch
BSE Ltd. and Financial Technologies (India) Limited (FTIL) have signed an agreement to provide ODIN™—a brokerage solution of FTIL—to BSE members as a part of the exchange’s efforts to re-launch its equity derivatives segment. As per the agreement, the empanelled members on BSE will trade on its derivatives segment using ODIN™’s Computer-To-Computer-Link (CTCL) platform. BSE, [...]
A Look at NSE and BSE Colocation Service
Beginning in 2009 the NSE (National Stock Exchange of India) and the BSE (Bombay Stock Exchange) each established and expanded co-location facilities and services. While high frequency trading (HFT) utilizing computer algorithms and nanosecond speed has gained attention and dissension in the West, India has embraced these types of trading strategies and the Exchanges are [...]
