Kolkata, July 20: The Inter-connected Stock Exchange of India Ltd (ISE) has chalked out strategies to increase its trading turnover. The exchange has decided to allot 15 additional trading rights to each of its promoting stock exchanges. Speaking to newspersons at a meeting held in Kolkata, ISE chairman M R Mayya said: “We also intend to allot one additional trading right to every registered dealer for Rs 25,000, which can be sold by them in the open market to eligible entities.”
“The move is expected to substantially increase the base of registered intermediaries in the system, leading to higher trading turnover from an average of Rs 100 crore a day at present,” he added. Mayya was in town to meet ISE dealers and traders of eastern region.
ISE and its wholly-owned subsidiary, ISE Securities & Services Ltd (ISS), have already taken measures to leverage the strengths of their broad membership base and meet the requirements of increased activity levels in the market, said V Shankar, officiating MD, ISE. Bureau Report