NYSE keen to up stake in NSE, MCX

The New York Stock Exchange, which has five per cent stake each in NSE and MCX, is keen to increase its holding further as and when Indian regulator relax rules, NYSE CEO Duncan L Niederauer said on Thursday.

"The existing regulations in the country did not allow to increase the foreign shareholding beyond the permissible five per cent. We will be looking at that option when the regulator permits it," Duncan L Niederauer said.

As per the current regulations a foreign entity cannot purchase more than five per cent stake in the country's stock exchanges.

NYSE Euronext, which is the parent company of the NYSE, bought five per cent stake last year in National Stock Exchange (NSE) and signed an agreement this year with Multi Commodity Exchange (MCX) to pick up five per cent stake.

Niederauer said the company is looking at increasing its presence in India and other Asian countries.

"This (Asia) is an important region for the company and we will look at enhancing our investment in liquid markets, including India in the period ahead," Niederauer said, adding "the company (however) has no immediate plans to investment in India."