Mr. Joseph Massey, MD & CEO, MCX Stock Exchange - Budget Expectations

Dear Sir,

 

Please find below the pre–budget quote (along with attached profile and photograph) of Mr. Joseph Massey, MD & CEO, MCX Stock Exchange.

 

“As our economy braces itself to launch into the high growth trajectory again during 2009-10, it is critical that the stakeholders are appropriately supported by strong financial markets.  Nurturing their growth would not only help minimize risks in the economy but would also help in taking the government’s stated objective of ‘financial inclusion’ to the next level.  Nations across the globe are looking at strengthening the exchange based trading and organized clearing platforms to strengthen the process of risk management and to improve transparency in the markets taking a lesson from the current global financial meltdown and the role of OTC products.  Hence, it is time that our financial markets are provided with ‘infrastructure status’ to provide them with appropriate fiscal and monetary treatment, helping them strengthen into being ‘price setters’ in asset classes that we deserve to be, from being ‘price takers’ as history taught us to be. This environment will ensure that the financial market can provide multiple forms of capital with varying degree of risk and maturity on most cost effective manner.” 

 

 

Warm regards,

 

Ujjawal Punmiya

 

Adfactors PR Pvt Ltd

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