CSE to tie-up with European stock exchange

"A couple of foreign stock exchanges have approached us for a collaboration in the derivative trading. This would discussed in tomorrow's board meeting," said Udayan Bose, chairman, CSE.

"Our strength lies in the F&O segment. Derivative trading at CSE started much before than the BSE but under a different name (Badla trading)," he adds.

According to a top official of CSE who refused to divulge his name, the burses are based at West Europe, and is eying a five per cent stake in the exchange.

"Both the burses are willing to take a stake at the exchange and concentrate on the F&O segment," he said.

Although he refused to comment any further, but he indicated that Deutsche Borse, which has a five per cent stake at the BSE, could be one of the exchange.

"Both are leading exchanges in the West Europe and specialises in the derivative trading," he said. Addressing a press meet, on the occasion of the centenary celebration of the Kolkata based burse, said that the main focus at the moment is to increase the turn over.

"We need to increase the trade volume to attract the new companies," he said. The exchange started trading after a gap of six years from November last year and currently the daily trading volume is in the region of Rs 10 crore.

The BOLT system which facilitates the exclusive CSE-listed shares to be traded at the BSE platform is already in place with 25 such complied members participating.

"As of now 25 companies are complaint and has been accordingly forwarded to the BSE for listing out of which 8 has been already listed with BSE," said B K Agarwal, member of the board.
Exchange would appoint a CEO shortly along with a new company secretary.