MCX stock exchange to start live trade on February 11

The equity and equity derivative segment of MCX Stock Exchange (MCX-SX) will be inaugurated by Finance Minister P. Chidambaram on February 9. Securities and Exchange Board of India (Sebi) chairman UK Sinha and department of economic affairs secretary Dr. Arvind Mayaram will also be present at the function to be held in Mumbai.

MCX-SX will commence live trading two days later, the company said in a statement.

MCX-SX received "commencement certificate" for trading in new segments such as equity, futures and options on equity, interest rate derivatives and wholesale debt market by Sebi on December 19, 2012. The ministry of corporate affairs had granted the status of a "recognized stock exchange" to MCX-SX on December 21, 2012.

MCX-SX received 700 applications for new membership out of which 270 membership applications have already been registered by Sebi.