I have been a market person and try following everything that’s available on this front; be it online or print. For those like me who are interested in stock markets, need no introduction for the man who digitized markets – Jignesh Shah.
Recently, I came across this book by Shantanu Guha Ray, titled, The Target Book, which talks about the ventures and creations that Jignesh Shah envisioned. He brought an evolutionary development in the Stock Exchange Market through his ventures, Multi Commodity Exchange and Financial Technologies (India) Ltd.And it feels proud to share a few facts on this with you.
MCX-SX was in direct competition with the NSE, India’s biggest stock exchange by volumes and turnover, and the BSE, which is India’s oldest course.
To take on the two, MCX-SX offered a 50 per cent discount on transaction charges to new members, attracting many proprietary derivative traders. Of the 700 membership applications received by MCX-SX, 405 applications have been already registered with market regulator SEBI.
It feels proud to come across such facts that how a person from a middle-class family could stand out of the crowd to go ahead and build such solutions.
For more information check The Target Book Reviews.