 "MSEI to partner Moody’s for new indices")
The Metropolitan Stock Exchange of India (MSEI), formerly MCX Stock Exchange (MCX-SX), is in advanced talks for a tie-up with global rating agency Moody’s to develop indices for itself.
The bourse currently has two indices, SX40 and SXBank. For a start, Moody’s is expected to develop three indices for the exchange, on which its derivatives contracts will be based.
Leading exchange BSE has a similar tie-up with S&P Dow Jones indices, while the National Stock Exchange of India (NSE) earlier had a joint venture with CRISIL for its indices.
MSEI also plans to soon introduce two new currency products. One
