<p> Shares of Financial Technologies India and MCX today shot up about 9.5 per cent, after capital market regulator Sebi granted permission to their entity MCX-SX to operate as a full-fledged stock exchange.<br /><br /></p>.<p>FTIL shares surged 9.49 per cent to touch a high of Rs 824.90 on the BSE. Similarly, shares of MCX soared 7.7 per cent to Rs 1,246.20.<br /><br />FTIL and MCX are the promoters of MCX Stock Exchange (MCX-SX).<br />Sebi, late yesterday, granted permission to MCX-SX to operate as a full-fledged stock exchange, ending nearly 4-year-long wait of the bourse to enter the business -- a move that will bring in more competition in markets.<br /><br />MCX-SX was first granted recognition by Sebi in September 2008, but it was allowed to conduct trading only in the currency derivatives segment.<br /><br />With the approval, MCX-SX would be able to offer additional asset classes such as equity and equity F&O (Futures and Options), interest rate futures and wholesale debt segments.<br /><br />At present, Sebi has granted permanent recognition to eight stock exchanges in the country, but only two of them -- BSE and NSE (National Stock Exchange) -- are operating as active national level bourses across the segments.<br /><br />MCX is the country's largest commodity exchange, while its promoter FTIL offers technology and other solutions for exchange businesses.<br /><br />Meanwhile, in the broader market, the BSE 30-stock Sensex was trading at 17,554.21, down 64.14 points at 1105 hrs.</p>
<p> Shares of Financial Technologies India and MCX today shot up about 9.5 per cent, after capital market regulator Sebi granted permission to their entity MCX-SX to operate as a full-fledged stock exchange.<br /><br /></p>.<p>FTIL shares surged 9.49 per cent to touch a high of Rs 824.90 on the BSE. Similarly, shares of MCX soared 7.7 per cent to Rs 1,246.20.<br /><br />FTIL and MCX are the promoters of MCX Stock Exchange (MCX-SX).<br />Sebi, late yesterday, granted permission to MCX-SX to operate as a full-fledged stock exchange, ending nearly 4-year-long wait of the bourse to enter the business -- a move that will bring in more competition in markets.<br /><br />MCX-SX was first granted recognition by Sebi in September 2008, but it was allowed to conduct trading only in the currency derivatives segment.<br /><br />With the approval, MCX-SX would be able to offer additional asset classes such as equity and equity F&O (Futures and Options), interest rate futures and wholesale debt segments.<br /><br />At present, Sebi has granted permanent recognition to eight stock exchanges in the country, but only two of them -- BSE and NSE (National Stock Exchange) -- are operating as active national level bourses across the segments.<br /><br />MCX is the country's largest commodity exchange, while its promoter FTIL offers technology and other solutions for exchange businesses.<br /><br />Meanwhile, in the broader market, the BSE 30-stock Sensex was trading at 17,554.21, down 64.14 points at 1105 hrs.</p>