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Sebi allows DSE members to trade on NSE
New Delhi, Sept 19: The Securities & Exchange Board of India has allowed Delhi Stock Exchange members to trade on the National Stock Exchange as part efforts to bring liquidity and life to the ailing bourse, which has remained almost tradeless for the last two years.
New Delhi, Sept 19: The Securities & Exchange Board of India has allowed Delhi Stock Exchange members to trade on the National Stock Exchange as part efforts to bring liquidity and life to the ailing bourse, which has remained almost tradeless for the last two years.
"We have got the approval from SEBI. The members of DSE Financial Services, a subsidiary of the exchange, as well as other members can now trade on NSE also," said DSE Director Vijay Bhushan.
With this, members of DFSL could now trade on both NSE and BSE since the market regulator had already allowed DSE members to trade on BSE terminals through the subsidiary.
Having paid Rs 1 lakh each, as many as 114 brokers have become members of DFSL, out of which 61 applied for the sub-brokership of the country's second largest Bombay Stock Exchange.
He said out of the 61 members, 41 were given permission and 11 were actively trading on BSE terminals.
Bhushan said by trading on both BSE and NSE terminals, the investors got wide option of trading as certain companies were listed only on BSE.
Bureau Report