Commodities bourse MCX to hire chief operating officer shortly

In a first, largest commodities bourse MCX is creating the post of chief operating officer, and the new appointment will be announced as early as early next month, a top exchange official has said. It can be noted that no exchanges in the country, be it the largest NSE or the oldest BSE - a publicly-traded entity or the rival commex National Commodity & Derivatives Exchange (NCDEX) have the post of a COO. All these exchanges have MDs/CEOs, chairmen and board members. We have shortlisted a few candidates for the post of our first COO. We should have him/her joining us from early next month, Multi-Commodity Exchange managing director and chief executive PS Reddy told PTI on Wednesday. Asked about the rationale for the post, which is a first in the exchanges space, he said there is more than enough workload for a second top executive. He also said the exchange will have a new chief technology officer soon to replace the vacuum created by the sudden exit of Manav Jain amid the ...

from Latest News https://ift.tt/3CzkCWA