MSEI Eyes Cash Market Comeback After New Expiry Day Norms
The Metropolitan Stock Exchange of India is charting a new strategy after the Securities and Exchange Board of India’s new expiry day norms, by venturing into the cash market segment, as per people in the know.
The exchange already has all the right regulatory approvals in place and the move is expected to materialise in the next two to three months, the people said.
Notably, after a fresh approval from the markets regulator, the Metropolitan Stock Exchange of India is likely to use Tuesday as its expiry day. This means that the exchange will be sharing its expiry with the NSE.
However, this remains in contravention of its earlier plans to use Friday as its expiry day, in furtherance of its plans to develop its standing in equity derivatives.
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