CSE to launch TGF and demat trading by April 6
The Calcutta Stock Exchange authorities have set April 6 as the deadline for launching the trade guarantee fund (TGF) and dematerialised trading. At a board meeting yesterday, it was also decided that support systems for online surveillance will be readied in the meantime so that they can be made effective from the first week of April. The exchange, incidentally, completes one year of online trading in April.
BSE amends auction laws
The Bombay Stock Exchange has amended the byelaws relating to auctions on the exchange and has also decided to conduct auction sessions during the trading hours from February 16. As per the revamped time-table, the auctions for short falls in the demat segment will be conducted from Monday to Friday, between 10.30 am to 11.10 am. The auction of shares offered on account of objection will be conducted on Monday between 12 pm and 1.30 pm.
BSE, NSE all set to become IOSCO members
The two largest Indian stock exchanges, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have decided to become members of the International Organisation of Securities Commission (IOSCO). This follows an invitation to this effect to the two exchanges from IOSCO.
IOSCO meet stresses on mutual aid in judging market intermediaries
The first meeting of the Asia Pacific Regional Committee (APRC) of the International Organisation of Securities Commissions (IOSCO) held in India concluded on Friday with a stress on the need for mutual cooperation and exchange of information in several areas. In the aftermath of the recent south-east Asian crisis, members resolved to provide mutual assistance in all areas of operations.
LC Gupta's view on committee role irks Sebi
A fresh round of controversy has plagued the LC Gupta committee on derivatives. SEBI is now contesting the committee chairman's claim that it was only required to lay down the policy framework and not recommend the exchange-related rules and regulations. SEBI has also questioned LC Gupta's move to submit the first part of the report without getting the signatures of each of the members which form the committee.
Skindia GDR Index goes up by 0.86 per cent
Dull sentiments amidst lacklustre trades continued to dominate the GDR markets, with the Skindia GDR Index registering a meagre gain of 0.86% to close at 842.92 points on February 12. Reflecting the lack of interest at the GDR markets, the Index which gained about 2.64% on February 9, shed 25.21 points during the week.
