Good News for MSEI and ICEX Shareholders- 05.03.2019

For two consecutive sessions, ICEX DIAMOND volume has breached all-time high with the value of Rs.365 crs traded on a single day. The Exchange also crossed landmark turnover of Rs.400 crores on a single day across all its contracts.

As per an internal discussion which is at the initial stage, there will be only 2 full-fledged exchanges. So MSEI and ICEX are likely to be merged with BSE. And MCX and NCDEX are likely to be merged with NSE. This consolidation is expected to be done in 1-2 years. Swap ratio will be in favor of smaller exchanges.