Fise Plans Firm To Look Into Ses Link-Up

Member bourses would be required to pay a minimum amount of Rs 5 lakh towards setting up the new company. The corporate entity would supervise intermarket deals, said P C Shrimal, president Hyderabad Stock Exchange.

Financial institutions will be approached for soft loans, Shrimal added.

The decision was taken during a Fise meeting held yesterday, and was attended by representatives from Hyderabad, Ludhiana, Bhubaneshwar, Mangalore, Bangalore, Madhya Pradesh, and Vadodara stock exchanges.

Fise members said this was the fifth meeting of the seven-member committee which was constituted with the sole purpose of studying the feasibility and the gradual setting up interconnectivity in between the member stock exchanges.

 

A cost efficient, transparent system would be the ultimate objective of Fise, they added.

It was also learnt that leading US-based consultants Price Waterhouse has been consulted for studying the feasibility of interconnectivity between the exchanges.