GMEX, Metropolitan Stock Exchange of India to Collaborate on Capital Markets Development
Collaboration to focus on developing existing and new products within Indian capital markets with heavy technology slant.
The partnership is aimed at developing the Indian capital markets through enhancing existing market segments and launching new product categories, increasing focus on technology-led development and market infrastructure development for new products.
As part of the proposal, GMEX will also have the option to make an equity investment in MSE and its subsidiary, Metropolitan Clearing Corporation of India.
“This collaboration will support the MSE strategy and vision of delivering innovation in products and technology,” said Udai Kumar, CEO at MSE. “The new products will enable key objectives to deepen and widen our capital markets and address the growing needs of the economy.”
MSE, established in 2008, is one of three Indian exchanges recognized by the Securities and Exchange Board of India (SEBI), alongside Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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