MSE enter into partnership with NSE

The Madras Stock Exchange Limited and National Stock Exchange of India (NSE) today entered into a strategic partnership to facilitate members of MSE to trade on both cash and derivatives segments on NSE's platform.

The arrangement, launched by Security Exchange Board of India (Sebi) Chairman C B Bhave at a function here, would also facilitate companies listed on MSE to be traded on NSE.

The partnership is expected to enhance the liquidity for the MSE listed securities and thereby benefit the small and retail investors, who were holding the shares of such companies, according to MSE.

Further, the members are likely to get their trading activities revived in association with the NSE and more companies may show interest in continued listing with the 72-year old MSE, it said.

The arrangement has received all regulatory clearances from SEBI, it said.