BSE gets Sebi nod for debt trading platform
Leading bourse BSE Friday said it has received approval from market regulator Sebi to launch a separate debt trading segment.
Mumbai: Leading bourse BSE Friday said it has received approval from market regulator Sebi to launch a separate debt trading segment.
The exchange has got approval from Securities and Exchange Board of India (Sebi) to "set up debt segment and commencement of trading in debt segment", BSE said in a notice.
In this segment, banks, insurance companies, pension funds, provident funds and retail investors can become members of the bourse and trade in this market. There would also be separate order books for retail and institutional investors.
Rival bourse National Stock Exchange earlier this month launched the debt trading platform.
Earlier this week, BSE Managing Director and CEO Ashishkumar Chauhan had said the exchange was awaiting Sebi nod for starting debt trading platform.
The concept of dedicated debt trading platform was mooted by Sebi as part of efforts to boost the country's corporate debt market.
Currently, Chauhan said, the BSE has more than 65 percent market share in retail debt segment.