MCX IPO could be precursor to Liffe cross-listing

22 Feb 2008

by Laurence Davison

India’s Multi Commodity Exchange (MCX)’s filing for an IPO, which closely followed NYSE Euronext’s 5% stake in the exchange, has ignited speculation that it could soon cross list Liffe’s soft commodity contracts.

The exchange has filed documents relating to a forthcoming IPO, through which the exchange hopes to raise around INR5bn ($124.66m) for the sale of approximately 10% of the company.

Although...

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“The CME Group remains committed to our clients in Asia, and growing our business in the region continues to be a large part of our growth strategy.”

The Merc says it still has Asia in its sights

MCX IPO could be precursor to Liffe cross-listing

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