The 100-year old Calcutta Stock Exchange is finally set to launch a trading platform, which will enable its members to trade on National Stock Exchange (NSE)-listed securities in the next one month, a move that will give the ailing exchange a fresh lease of life.
In a parallel move, last week, it inducted B Madhav Reddy as its new managing director and chief executive officer.
The post was lying vacant after Molly Thambi stepped down from the post due to difference of opinion with the management of the exchange. Reddy has joined CSE from held high positions at Multi Commodity Exchange of India.
The platform sharing deal, not only brokers in CSE will get access to cash and derivative segment of NSE, but companies listed on CSE will be able to be listed on the NSE under a special head, called the permitted category, said Dipankar Chatterji, chairman, CSE.
CSE already has an arrangement with the Bombay Stock Exchange, which has about a 5 per cent stake in it, for platform
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