FISE seeks demat trading on all bourses
K V V V Charya
HYDERABAD, January 23: In a bid to speed up the switch-over to demat trading by regional exchanges the Federation of Indian Stock Exchanges (FISE) has decided to initiate a dialogue with the market regulator to waive the pre-condition of trade guarantee fund.The federation finds there is no correlation between demat trading and the trade fund, since the pay-in and pay-out are routed through clearing houses and monitored by exchanges. "To ensure active participation from small investors, SEBI must allow regional exchanges to trade on demat stock", the FISE president P C Shrimal told The Financial Express. The three-member committee appointed by the federation to review the demat stock trading system and its problems, is expected to submit the report by end of this month, he said. On the basis of this report, FISE proposes to pursue the matter with SEBI. The scheduled FISE meeting, to be held in Ahmedabad on Saturday, will discuss this issue. Other topics on the agenda include Chandratre committeereport on delisting of securities, revival of primary markets and measures to improve investor confidence.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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