Depository working group to review paperless trading
AF Rosemary
MUMBAI, January 23: The Securities and Exchange Board of India's (SEBI) depository working group will be meeting in the first week of February with a view to review the progress of the depository and trading in dematerialised shares.SEBI executive director Pratip Kar told The Financial Express that though the trading in the dematerialised section is still to gain momentum, there are signs that trading will improve. It is noticeable that several major FIIs have started getting their shares in the eight specified scrips dematerialised, he said. "According to feedback from the NSDL and the custodians, most of the major FIIs have given orders for dematerialising shares although rather late," Kar said. SEBI had made it compulsory for institutional players to focus on the trading in the dematerialised section from January 15 this year. Kar said currently on an average there 2.5 crore shares are traded on the demat segment of the NSE. In order to monitor the progress of the trading in demat segment,
SEBI calls for data from both the National Stock Exchange and the Bombay Stock Exchange on a daily basis.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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