The National Stock Exchange (NSE) and Multi Commodity Exchange of India (MCX) are in talks to combine their operations and provide a onestop shop for trading in all kinds of products, The Economic Times reported on Wednesday.
The two exchanges have appointed global investment banks to help in the discussions, the report said citing two unidentified people close to the development.
NSE has appointed Morgan Stanley while JPMorgan is advising MCX, the report said.
Emails sent to NSE and BSE did not elicit a response at the time of publishing the story.
A merger of NSE with MCX or with its cross-town rival Bombay Stock Exchange has always been touted as a possibility especially after the capital markets regulator allowed exchanges to offer all asset classes under one roof, according to the report.