BUSINESS

Rediff.com » Business

DSE to tie up with 6 regional bourses in a month
Source: PTI
August 26, 2009 14:36 IST

The Delhi Stock Exchange is likely to tie-up with six regional stock exchanges, including Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore within a month, DSE officials said.

DSE, which is gearing up to resume its operations this diwali after a gap of about seven years, is in talks with various closed regional stock exchanges across the country to provide them its trading platform.

Though there is no official confirmation on the names of the regional bourses, sources at DSE say talks with stock exchanges in Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore are in the final stages.

"We plan to tie-up with regional stock exchanges. Talks are going on with five-six exchanges in north and south India. In the next one month, we will announce our agreements with them," DSE CEO H S Sidhu told PTI.

Sidhu said the regional bourses would become DSE members and DSE would provide them a trading platform.

DSE has also begun a campaign to rope in brokers with a membership fee of Rs 5 lakh, he said, adding it has already received 80 applications in the category. The exchange plans to add 100 new members in the current fiscal.

Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
© 2024 Rediff.com