MSE to Challenge BSE, NSE Dominance: India Gets Third Major Stock Exchange

• India's stock market, long dominated by BSE and NSE, is set to welcome a third major player: the Metropolitan Stock Exchange (MSE).
• MSE, currently operating in limited segments like currency derivatives, has received a license to become a full stock exchange.
• It plans to offer trading in equities, futures, options, and commodity derivatives, aiming to go live in months after SEBI approval.
• The new competition is expected to drive down brokerage fees, exchange charges, and foster innovation, benefiting investors and brokers.
• MSE faces the challenge of attracting liquidity and building trust among traders, large investors, and regulators.

Why It Matters: India's stock market is set for a competitive shake-up with the Metropolitan Stock Exchange's full launch.