MCX proposes to adopt Calcutta exchange

Senior officials at India's Multi Commodity Exchange (MCX) told FO Week last week that the exchange had submitted a proposal to come to the aid of one of India's ailing regional marketplaces, Calcutta Stock Exchange (CSE).

Lamon Rutten, joint managing director of MCX said at FOW's Indian trade mission in Mumbai last week that he believed his exchange's proposal to revive the exchange was likely to succeed. He said it would be a key strategic move for MCX as it would effectively...