Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
General »
Open DEMAT Account in 24 hrs
 Why you need to re-register Digital Signature Certificate on new I-T portal Income Tax
 Payout from EPFO insurance scheme is tax free: Check details here
 Tax payment through cheques? No more!
 Things to know when selling your house Capital gains tax
 Thinking of withdrawing EPF funds due to Covid? Know about tax implications
 Withdrawing PF money due to covid? Know these tax rules
 How income tax is levied on your stock market transactions
 How tax revenues increased in a pandemic year Analysis
 Interest from NRE account is exempt from tax
 Amid dwindling interest rates, LIC of India launches new plan with guaranteed tax-free return
 VMC to act tough on property tax defaulters

CSE gets SEBI approval to adopt NSE trading platform
September, 12th 2011

The ailing Calcutta Stock Exchange (CSE) has finally received approval from the Securities and Exchange Board of India (SEBI) for its members to share the National Stock Exchange's (NSE) trading platform.
 
"We have received SEBI approval for NSE trading and we are working on a roll-out as soon as possible," CSE Chairman Dipankar Chatterji told media.
 
The NSE trading facility for the CSE members would help the exchange augment trading volumes and generate higher revenue.
 
The local bourse already has a similar tie-up with the Bombay Stock Exchange and this has helped in generating additional average daily business of Rs 30-35 crore.

Though the exchange was aiming to start NSE trading from Diwali, it might not be possible due to paucity of time.

"The entire backbone and infrastructure of connectivity would have to install separately in line with the NSE's guidance and specifications. It will take some time. It will, however, be operational within the calender year for sure," said a board member.
    
Some 250 trading members of the CSE had expressed an interest in NSE trading platform connectivity, while there were 130 members that opted for BSE terminals.

The exchange officials hoped average daily trading volumes would go up by another Rs 70-100 crore following the establishment of connectivity with the NSE.

Meanwhile, B Madhav Reddy has been appointed as managing director and CEO of the Calcutta Stock Exchange.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting