the target book reviews

How One Exchange Fostered the Entire Exchange Ecosystem

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.

With a grand start of trading shares, MCX –SX held a benchmark index by the name SX – 40 which was an equivalent to BSE Sensex and NSE Nifty. The big shots from every industry like ACC, Ambuja Cements, BhartiAirtel, Cipla, Maruti Suzuki, NTPC etc were all major constituents of SX – 40.

The thriving impact of the company was observed when MCX – SX made profits of around 11.5 crores during the first year and went ahead with the dividend declaration of 10 per cent.

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.

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