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Drumbeat: Ad Buzzaar
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Tuesday, June 30, 1998
JSE to go on-line in July
M P Jain
JAIPUR, June 29: The Jaipur Stock Exchange Ltd (JSEL) is all set to go on-line in July as the work on computerisation has almost been completed by CMC Ltd. The exchange has spent nearly Rs 1.55 crore on computerisation.JSEL will also join the Inter-Connected Stock Exchange of India, which is expected to become operational from July, according to the president of JSEL, R C Goenka. Around 14 exchanges have already agreed to join the Inter-Connected Stock Exchange.With the start of on-line trading from next month, the daily trading volume in the local bourse is likely to rise to around Rs 50 crore, according to the exchange officials. Talking to the Financial Express, Goenka said the on-line trading would attract investors as there would be greater transparency in doing the business. ``The chances of mis-information and malpractices will be minimised,'' said Goenka. Goenka added that about 200 members of JSEL out of 600 had taken office rooms in the new premise which has come up at a cost of Rs 25crore. More members are expected to acquire trading space. JSEL had also urged the Stock Holding Corporation of India for providing custodial and demat facilities to the member brokers in the new premises. He expressed the hope that such facility would soon be made available. It was also proposed to have a brokers trading guarantee fund in JSEL with Sebi allowing the members to trade with the modified carry forward facility. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.

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