Third Exchange Goes Live, Setting Up Battle in India "India's newest stock exchange, the MCX Stock Exchange, started trading shares Monday with thin volumes," Reuters reported. The MCX-SX, as it is known, has taken up "a steep challenge to build liquidity and win market share against the dominant National Stock Exchange and the smaller and older exchange, BSE." Though the value of shares traded on the MCX-SX, as of late Monday morning, was 1.5 million rupees, or about $28,000, as compared with trading volumes of 34.3 billion rupees on the NSE, "brokers are optimistic about the prospects of the new exchange," the report said.