CHANDIGARH: Delhi Stock Exchange (DSE) has agreed in-principle to provide a platform for trading rights to the members of regional stock
exchanges like Ludhiana, Jaipur and Ahmedabad in a bid to revive trading in the exchange. The stock exchange has announced slew of multiple schemes to attract companies as well as expand its members base. DSE has announced two innovative schemes, Amnesty scheme and New Deposit Based Trading Membership Scheme (NDBTM), to revive the dead scrips of the exchange.

After a gap of almost eight years, DSE is likely to start intra-day trading from November this year. DSE has 379 members at present and intends to add 200 members in two years.

Delhi Stock Exchange executive director H S Sidhu says, “DSE wants to revive strongly and is likely to resume trading soon. We are doing everything to provide transparent, safe and fast trading platform to the financial community.”

“The steps that we have initiated will help our investors and brokers to regain confidence in DSE and the slashed fees will be an additional impetus to the companies wishing to list themselves on DSE,” he added.

DSE has also entered into an agreement with the Financial Technologies (India) Limited (FTIL) and IBM Technologies to provide the software and hardware solutions of the exchange respectively. The state-of-the-art technology of FTIL will allow the investor and the brokers’ community with world class trading facility that is efficient and swift and at the same time secure.

The Amnesty scheme of DSE has been integrated in order to revive the trade in all the inactive scrips. Whereas, NDBTM will help the exchange to expand the network of the trading membership.

“This will help the exchange to expand the base of brokers. The exchange has been receiving many queries from sub-brokers, investors across the country to avail this facility. This scheme will allow brokers as well as remisiers to extend the benefit of online and efficient trading to the investors across the country,” adds Mr Sidhu.

The pact with IBM has been signed for a period of 10 years. The online trading platform of DSE is known as the Delhi Online Trading System (DOTS), which will offer a swift, efficient and secure trading platform.