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CSE approves connectivity to Bhubaneshwar, Kanpur SEs 

Arpan Mukherjee  
Calcutta, May 12: The Calcutta Stock Exchange (CSE) has approved connectivity to the two regional stock exchanges - Bhubaneshwar and Kanpur - which will be an extension of the present C-Star online trading system. Three other exchanges Patna, Guwahati and Ludhiana have shown interest in having C-Star online trading facilities.

CSE president JM Choudhury on Friday said that the connectivity to the two regional exchanges will be given within three months and the daily turnover is slated to go up by Rs 300 crore to 400 crore over and above its average turnover of Rs 1,000 crore.

The two exchanges have been granted the connectivity against a one-time membership fee of Rs 12.5 lakh.

According to Choudhury, the scrips listed on these regional exchanges will eventually have a chance to be traded here, resulting in higher business volumes.

CSE is planning to set up six regional investor service cells in addition to the one inaugurated on Friday. It has been proposed to set up such cells at Asansol, Durgapur, Kharagpur, Haldia, Jalpaiguri and Siliguri.

The exchange plans to set up VSAT facilitites at these centres so as to enable the investors to witness online trading. Each of these centres will have four to five terminals and is expected to be set up in another two months' time.

The investor service cell at the exchange will have information on the new issues, book closure dates with relevant details on delivery schedules.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

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