By IANS,
Kolkata: The Calcutta Stock Exchange (CSE) is expecting its daily average trading volume to reach Rs.500 crore by March 31 next year after launching its common trading platform with the National Stock Exchange (NSE) Monday.
“By March (next year), you would find a huge amount of volume trading is happening on the NSE trading platform. The daily turnover is expected to be Rs.500 crore by March 31,” CSE managing director and CEO B. Madhav Reddy told reporters after the formal launch of its common trading platform with the NSE.
CSE’s present daily trading volume is around Rs.70 crore.
As per the agreement signed with the NSE, CSE trading members will be able to access the trading platform of NSE and trade on the shares listed on the bourse.
“This will provide our members the opportunity to issue contract notes directly. This is special kind of opportunity where the brokers from our exchange will go to national platform. Second, the companies which are listed in our platform, if they have the compliance, will go to the national platform,” Reddy said.
He said the derivative segments will also be activated soon on both Bombay Stock Exchage (BSE) and NSE.
The CSE is going ahead with a tie up with United Bank of India (UBI) for internet-based trading.
“By virtue of that, we will be in a position to make ourselves available in every corners of the country,” Reddy added.