The Delhi Stock Exchange on Saturday signed a memorandum of understanding with the Calcutta Stock Exchange to set up a common trading system enabling city-based brokers to trade in the country's third-largest exchange.
The MoU was signed by DSE president Bharat Bhusan Sahny and CSE vice-president Suresh Jalan.
"The common trading system, because of its greater liquidity and depth, would bring back larger volumes on the active exchanges," DSE said in a release.
Under the agreement, the members of both exchanges would have a common public order book. Initially, the system would be applicable to shares traded under compulsory mode and in dematerialised form.
Although members would be free to trade in one another's stock exchange, the trade would be guaranteed by the trade guarantee fund of the respective bourses, the release said. Bureau Report