Metropolitan Stock Exchange to launch corporate bond platform in July:

Aiming to widen its market presence, Metropolitan Stock Exchange of India (MSE) will launch its corporate bond platform in July and is also planning to bring in a slew of products in equities and derivatives segment later in the current financial year.

With the launch of new products MSE is targeting to increase its market share to 15-20% in non-equity segments and by nearly 5% in equities. The market is largely dominated by the two other national bourses — the National Stock Exchange (NSE) and BSE.

“The corporate bond segment will be launched in July. MSE is launching electronic book building platform for bond raising on the exchange platform, subsequent listing and trading in these securities,” MSE COO (strategy & development) Abhijit Chakraborty told PTI.

“The e-booking software has additional features of live viewing of quotes and facility to modify bids,” he added.

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