MCX Stock Exchange (MCX-SX) will begin trading in equities and equity derivatives from February 11.
With its 40-stock index named SX40, MCX-SX is the third full-fledged
equity bourse after BSE and NSE. The bourse was formally launched by
Finance Minister P. Chidambaram on Saturday.
Free-float based index:
SX40 will be a free-float based index of large-cap and liquid stocks,
representing diverse sectors. The base value will be 10,000 with a base
date of March 31, 2010, MCX-SX Vice-Chairman Jignesh Shah said during
the launch.
The index is designed to measure the economic performance with better
representation of various industries and sectors based on the ICB
(industry classification benchmark), a global classification from the
FTSE of the London bourse.
No comments:
Post a Comment