Delhi Stock Exchange to tie up with 6 regional stock exchanges

The Delhi Stock Exchange (DSE) is likely to tie-up with six regional stock exchanges, including Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore within a month, DSE officials said.

DSE, which is gearing up to resume its operations this diwali after a gap of about seven years, is in talks with various closed regional stock exchanges across the country to provide them its trading platform.

Though there is no official confirmation on the names of the regional bourses, sources at DSE say talks with stock exchanges in Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore are in the final stages.

"We plan to tie-up with regional stock exchanges. Talks are going on with five-six exchanges in north and south India. In the next one month, we will announce our agreements with them," DSE CEO H S Sidhu told PTI.

Sidhu said the regional bourses would become DSE members and DSE would provide them a trading platform.

DSE has also begun a campaign to rope in brokers with a membership fee of Rs 5 lakh, he said, adding it has already received 80 applications in the category. The exchange plans to add 100 new members in the current fiscal.

source - economictimes