MCX-SX launched Bengali & Oriya website

As part of its continued efforts to reach out and connect to the regional language speaking population, MCX-SX (MCX Stock Exchange), India's new stock exchange, has formally launched its regional website in Bengali and Oriya (http://bengali.mcx-sx.com & http://oriya.mcx-sx.com) to take markets closer to them.

With West Bengal and Orissa being country’s major textile export and import hub and the eastern industrial hub, this initiative will help those interested participants to understand the benefits of the currency futures markets more clearly in their native language. 

Unveiling the website, U. Venkataraman, CEO, MCX-SX said, "Since inception, we believed in development of the Currency Futures Market at MCX-SX purely through information dissemination, knowledge sharing, diffusion of research outcomes and training in market participation."

"This philosophy has led to inclusive and efficient development of the market helping us achieving the current unenviable position of the leader in the currency futures segment despite being the late entrant."

"Websites in regional language is an initiative to break the language barrier in reaching out to the MSME, SMEs, Exporters, Importers, Banks and Corporate houses located across the across Bengal & Orissa. They will now be able to understand the concept of currency futures and effectively insure against volatile currency rates that affect their business," he added.

In line with the above stated objectives, these new regional language websites would feature frequently asked questions (FAQs) section, currency futures price ticker, real-time rendering of charts (i.e., built-in auto page refresh facility), online charts with magnification facility, market and membership-related information in their mother tongue to the users from region as it exists in benchmark English website.

Additionally, the websites also offers information updates on price movements, volumes, and contract details.

The exchange has taken several initiatives that are aimed to benefit SME's, Corporate houses, Banks, Importers and Exporters across India in line with the true spirit behind the launch of the currency futures markets by SEBI and RBI.

Source: SME TIMES