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DSE's deposit-based trading membership scheme gets overwhelming response.

Byline: ANI

New Delhi, Aug.11 (ANI): Delhi Stock Exchange Limited (DSE 1. DSE - Display Screen Equipment. See Visual Display Unit.
2. DSE - Data Structure Editor.
) as a part of its revival strategy had launched a slew of measures.

The new deposit based trading membership scheme has been one such measure that has been receiving encouraging response from the brokers community.

It has received in total 71 applications among which there are many big names like Alankit Assignments Limited, Abhipra Capital Limited, Shri Parasram Holdings Pvt Limited, Crimson Financial Services Limited, Smart Equity Brokers Pvt Ltd etc. many of these are leading broking houses of NSE NSE - Network Software Environment: a proprietary CASE framework from Sun Microsystems.  and BSE See Bombay Stock Exchange.

BSE

See Boston Stock Exchange (BSE).
 as well as depository participants.

Commenting on this encouraging response from the broking community, Mr H S Siddhu, Executive Director, DSE, said, "We are very pleased to see the encouraging and positive response that deposit based trading membership scheme has received. This is also an indication of the brokers' confidence in our exchange and together with the goodwill and the best efforts we shall make it a success."

About Delhi Stock Exchange (DSE): DSE was incorporated in 1947 as a limited company under the Indian Companies Act, 1913. DSE was granted recognition under section 4 of the Securities Contract (Regulation) Act, 1957 The Central Government vide its Notification dated 1st March, 1982 granted permanent recognition to DSE.

Located in Delhi, DSE is the second largest exchange in India in terms of number of scrips listed with 2833 companies. Among these, there are 1800 companies which have been exclusively listed with DSE.

As per SEBI SEBI Securities and Exchange Board of India
SEBI Stock Exchange Bureau of India
 guideline, DSE successfully completed its demutualization Demutualization

The process of changing corporate structure from a mutual fund company to some other form, such as a limited liability or corporation.

Notes:
This means mutual/life insurance companies convert from policyholder companies to stock companies.
 process on 28th August, 2007. The board of directors of DSE comprise of 16 members out of which seven are shareholder director, four are trading member directors, four public interest directors and one executive director.

DSE is establishing a new Online Trading Online Trading

Making trades via the Internet.

Notes:
The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online.
 Platform namely Delhi Online Trading System (DOTS-08) for cash, derivatives and debt segments with state-of-art technology which has been constructed in association with Financial Technologies (India) Limited (FTIL FTIL Financial Technologies India Ltd ) equipped with Exchange Technology Framework Product Suite (ETFPS), a software suitable for promotion and successful operation of the Exchange. (ANI)

Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency.  (ANI) - All Rights Reserved.

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Publication:Asian News International
Geographic Code:9INDI
Date:Aug 11, 2009
Words:361
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