Separate Screen For Debt Paper

The National Stock Exchange (NSE) will soon be introducing a separate screen for the trading of debt instruments. This was disclosed by R H Patil, managing director of the exchange at a press conference yesterday.

We are in the process of developing a software for the settlement of debt trading. The exchange also plans to start trading in odd lot shares. For this too a software is being developed, Patil announced.

He said the exchange plans to touch the 200 centre mark by the year end, having already crossed 100 centres recently.

At the moment we have 104 centres across the country. We have the clearance for nearly 2,100 Vsat connections of which 1,200 have been installed.Thus we can still install 900 more Vsat connections, he informed.

 

He said the spread of NSE on-line trading will also help in developing the primary market. Patil said efforts will also be made to increase the number of terminals in the cities which is already connected on-line.

He said the exchange is examining the possibility of opening centres in the overseas market. We are working out a system whereby the trades will be conducted in the overseas market but the payment will be made in Indian currency in India itself, he informed.

He welcomed the BOLT expansion drive saying that any competition will benefit the investor, which is the basic objective of setting up the exchange.