BSE, MCX-SX get nod for debt segment

NSE received Sebi green signal earlier this month, commenced trading in the segment on May 13

The Securities and Exchange Board of India (Sebi) today approved the launch of a separate debt segment for trading by the BSE and MCX-SX.

Early this month, it had approved debt trading by the National Stock Exchange (NSE). The exchange commenced trading in the segment on May 13. However, debt segment trading is yet to gather pace, with data showing only one trade being executed on NSE every day, in the past two weeks.

In January, Sebi had issued new guidelines for a dedicated debt segment on stock exchanges. It had also allowed banks, primary dealers and insurance companies to be trading members.