MP Stock Exchange to have pan India presence by 2013

Roadshows, awareness programmes add 100 new members in few months

Indore based Madhya Pradesh Stock Exchange is expected to make pan India presence by organizing roadshows and awareness programmes. The stock exchange has augmented its membership by another 100 during the last few months.

After joining hands with National Stock Exchange (NSE) last year and with the Bombay Stock Exchange (BSE) February this year, MPSE has become the only regional stock exchange in India to provide independent trading platform for its members.

The MPSE made an alliance with and under Section 13 of the  Security Contract Regulation Act , 1956, which permits stock exchange members to do contracts and options in securities in state or regional stock exchanges.

Established in 1919 in Indore, Madhya Pradesh Stock Exchange (MPSE) has 315 listed companies (non-compliant) and 260 members but the trading was in a hibernation mode.

“We have added new 100 members during the last few months. We have now presence across 16 states and we are expecting to add members from across the nation by March 2013,” said  Ashish Goyal , a shareholder in MPSE, and added, “After the tie-up with NSE and BSE, scrip listed at MPSE will be traded in “permitted category”.

MPSE has added its members in Uttar Pradesh, Punjab, Rajasthan, Karnataka, Himachal Pradesh, Haryana. It has organized roadshows and awareness programmes to educate those potential retail investors who shy away from share market. “We have not only added new members but we expect trade volume to touch Rs 500 crore by March 2013 from existing Rs 80-100 crore.”

Obtaining a membership at MPSE is easier and cheaper than BSE and NSE. The fee is Rs 200,000 against few lakhs charged by BSE and NSE and stringent compliance norms.

MPSE is the first regional exchange to enter into agreement with both the stock exchanges and first in India to get  Sebi ’s approval when it allowed regional exchanges to come out of hibernation. Prior to this trading at the MPSE was allowed through its subsidiary. “Now MPSE members can issue contract notes in their names and can even appoint sub-brokers like those issued by BSE and NSE members,” Goyal said.

image
Business Standard
177 22
Business Standard

MP Stock Exchange to have pan India presence by 2013

Roadshows, awareness programmes add 100 new members in few months

Shashikant Trivedi  |  Bhopal 



Indore based Madhya Pradesh Stock Exchange is expected to make pan India presence by organizing roadshows and awareness programmes. The stock exchange has augmented its membership by another 100 during the last few months.

After joining hands with National Stock Exchange (NSE) last year and with the Bombay Stock Exchange (BSE) February this year, MPSE has become the only regional stock exchange in India to provide independent trading platform for its members.

The MPSE made an alliance with and under Section 13 of the  Security Contract Regulation Act , 1956, which permits stock exchange members to do contracts and options in securities in state or regional stock exchanges.



Established in 1919 in Indore, Madhya Pradesh Stock Exchange (MPSE) has 315 listed companies (non-compliant) and 260 members but the trading was in a hibernation mode.

“We have added new 100 members during the last few months. We have now presence across 16 states and we are expecting to add members from across the nation by March 2013,” said  Ashish Goyal , a shareholder in MPSE, and added, “After the tie-up with NSE and BSE, scrip listed at MPSE will be traded in “permitted category”.

MPSE has added its members in Uttar Pradesh, Punjab, Rajasthan, Karnataka, Himachal Pradesh, Haryana. It has organized roadshows and awareness programmes to educate those potential retail investors who shy away from share market. “We have not only added new members but we expect trade volume to touch Rs 500 crore by March 2013 from existing Rs 80-100 crore.”

Obtaining a membership at MPSE is easier and cheaper than BSE and NSE. The fee is Rs 200,000 against few lakhs charged by BSE and NSE and stringent compliance norms.

MPSE is the first regional exchange to enter into agreement with both the stock exchanges and first in India to get  Sebi ’s approval when it allowed regional exchanges to come out of hibernation. Prior to this trading at the MPSE was allowed through its subsidiary. “Now MPSE members can issue contract notes in their names and can even appoint sub-brokers like those issued by BSE and NSE members,” Goyal said.

RECOMMENDED FOR YOU

MP Stock Exchange to have pan India presence by 2013

Roadshows, awareness programmes add 100 new members in few months

Indore based Madhya Pradesh Stock Exchange is expected to make pan India presence by organizing roadshows and awareness programmes. The stock exchange has augmented its membership by another 100 during the last few months.

Indore based Madhya Pradesh Stock Exchange is expected to make pan India presence by organizing roadshows and awareness programmes. The stock exchange has augmented its membership by another 100 during the last few months.

After joining hands with National Stock Exchange (NSE) last year and with the Bombay Stock Exchange (BSE) February this year, MPSE has become the only regional stock exchange in India to provide independent trading platform for its members.

The MPSE made an alliance with and under Section 13 of the  Security Contract Regulation Act , 1956, which permits stock exchange members to do contracts and options in securities in state or regional stock exchanges.

Established in 1919 in Indore, Madhya Pradesh Stock Exchange (MPSE) has 315 listed companies (non-compliant) and 260 members but the trading was in a hibernation mode.

“We have added new 100 members during the last few months. We have now presence across 16 states and we are expecting to add members from across the nation by March 2013,” said  Ashish Goyal , a shareholder in MPSE, and added, “After the tie-up with NSE and BSE, scrip listed at MPSE will be traded in “permitted category”.

MPSE has added its members in Uttar Pradesh, Punjab, Rajasthan, Karnataka, Himachal Pradesh, Haryana. It has organized roadshows and awareness programmes to educate those potential retail investors who shy away from share market. “We have not only added new members but we expect trade volume to touch Rs 500 crore by March 2013 from existing Rs 80-100 crore.”

Obtaining a membership at MPSE is easier and cheaper than BSE and NSE. The fee is Rs 200,000 against few lakhs charged by BSE and NSE and stringent compliance norms.

MPSE is the first regional exchange to enter into agreement with both the stock exchanges and first in India to get  Sebi ’s approval when it allowed regional exchanges to come out of hibernation. Prior to this trading at the MPSE was allowed through its subsidiary. “Now MPSE members can issue contract notes in their names and can even appoint sub-brokers like those issued by BSE and NSE members,” Goyal said.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Biocon 808.70 15.28
Motil.Oswal.Fin. 483.85 15.24
JM Financial 63.85 12.61
Bharat Financial 844.90 10.58
Force Motors 3220.15 7.47
> More on BSE Gainers
Company Price() Chg(%)
Biocon 809.70 15.57
Motil.Oswal.Fin. 484.90 15.37
JM Financial 63.75 12.43
Bharat Financial 843.60 10.46
Cairn India 191.90 8.51
> More on NSE Gainers
Company Price() Chg(%)
G N F C 158.35 -7.53
Raymond 457.65 -6.60
Canara Bank 240.90 -4.21
Atul 2092.45 -3.70
Hatsun AgroProd. 332.95 -3.38
> More on BSE Gainers
Company Price() Chg(%)
Raymond 458.45 -6.28
Canara Bank 241.30 -3.79
Atul 2093.10 -3.57
Union Bank (I) 126.45 -3.44
Minda Corp 118.65 -3.02
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard