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| DSE to close New Deposit Based Trading Membership in August |
| Announcement / Markets Jul 10, 2009, 18:45 IST |
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Delhi Stock Exchange in their run up to the launch has decided to close its innovative “New Deposit based trading membership” scheme on August 8, 2009. The fairly good response has spurred the exchange to extend this scheme. This will help the exchange to expand the base of brokers. The exchange has been receiving too many queries from sub-brokers, investors across the country to avail this facility. This scheme will allow brokers as well as remisiers to extend the benefit of online and efficient trading to the investors across the country. The network base of the trading members of DSE will increase substantially by the time this scheme closes in August. DSE is providing trading platform to companies exclusively listed on its bourse and also to all those securities that are listed with other exchanges of the country.
Speaking on the occasion, Mr H S Sidhu, Executive Director, DSE, said, “We have received fairly encouraging response and received numerous requests to give some more time to complete the documents as they are located on various locations across the country for this scheme. The Exchange hence decided that we should respect the quarries and extend it until August 08, 2009. This will help us to consolidate our stand and relationship among the brokers. This will go a long way to strengthen our effort for a strong entry into the Indian capital market”
The Deposit based trading membership scheme will further increases the network of DSE members. All the eligible players, who deal in stock market in India, will be able to use the expanded trading members’ network. They can trade in all listed companies in normal or permitted segment. The individual or corporation application can be purchased physically in the DSE house in Delhi or online through their website www.dseindia.org.in. The processing fee of the application form is Rs 2000/-.
About Delhi Stock Exchange (DSE):
DSE was incorporated in 1947 as a limited company under the Indian Companies Act, 1913. DSE was granted recognition under section 4 of the Securities Contract (Regulation) Act, 1957 The Central Government vide its Notification dated 1st March, 1982 granted permanent recognition to DSE. Located in Delhi, DSE is the second largest exchange in India in terms of number of scrips listed with 2833 companies. Among these, there are 1800 companies which have been exclusively listed with DSE. As per SEBI guideline, DSE successfully completed its demutualization process on 28th August, 2007. The board of directors of DSE comprise of 16 members out of which seven are shareholder director, four are trading member directors, four public interest directors and one executive director. DSE is establishing a new Online Trading Platform namely Delhi Online Trading System (DOTS-08) for cash, derivatives and debt segments with state-of-art technology which has been constructed in association with Financial Technologies (India) Limited (FTIL) equipped with Exchange Technology Framework Product Suite (ETFPS), a software suitable for promotion and successful operation of the Exchange.
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