MCX-SX completes 1 month with Rs 349.38 cr average daily turn over

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Mumbai, Nov 6 (UNI) MCX Stock Exchange (MCX-SX), India's newest stock exchange operating in currency derivatives segment, today successfully completed one month of its operations with an average daily turnover of Rs 349.38 crore.

The average daily volume was 71,242 contracts. Banks contributed more than 25 per cent of the total volume at the exchange, MCX-SX spokesperson said.

''The progress on MCX-SX is in line with our expectations and we are confident of extending benefits of this platform across various categories of actual users, who are the major stakeholders participating on our exchange. We are guided by the philosophy of developing markets via information, education and research. This will help market participants, including Banks, Forex dealers, corporate houses, SMEs, exporters and importers to hedge their currency risks on the MCX-SX platform,'' the spokesperson added.

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