Can someone please explain to me why MSEI still exists? It seems to be a young stock exchange - but why? The liquidity on this seems very low, their indices don’t seem to be popular, barely any broker supports them and I can’t find a single thing that NSE and BSE don’t offer that MSEI would. Am I missing something here?
More competition is better. Will lower the costs and lead to better tech
Entire reason of NSE’s existence is that BSE was a monopoly and it enabled harshad Mehta scam. It was governed very poorly.
Read MSEI’s annual report. Page 4. You might find some reason for their existence.