London Stock Exchange Plc. (LSE) and New York Stock Exchange Euronext (NYSE) may pick up a 5% stake each in India’s newest stock exchange, MCX Stock Exchange Ltd (MCX–SX), according to two persons close to the development. MCX-SX is promoted by Financial Technologies (India) Ltd (FTIL) and Multi Commodity Exchange of India Ltd (MCX). Both the promoters are required to pare their stakes to comply with ownership regulations of the capital market watchdog Securities and Exchange Board of India (Sebi). They need to do it by 15 September, a year after MCX-SX started currency futures trading. […]