India gets third stock exchange

India’s efforts to attract foreign investors just got a boost with the opening of its third stock exchange. The new bourse, MCX-SX, boasts a superior technology and rules that allow companies faster access to markets and more liquid shares, reports FT.com. However, its claims of being more representative of Indian companies have met with cynicism […]

By Staff | February 11, 2013 | Last updated on February 11, 2013

1 min read

India’s efforts to attract foreign investors just got a boost with the opening of its third stock exchange.

The new bourse, MCX-SX, boasts a superior technology and rules that allow companies faster access to markets and more liquid shares, reports FT.com.

However, its claims of being more representative of Indian companies have met with cynicism as many experts say there’s little that differentiates it from its older rivals the Bombay Stock Exchange and the National Stock Exchange.