India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

World News

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Express Power

Advertisers Forum

Express Careers

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Screen: The Business of Entertainment

Graffiti

Crossword

Drumbeat: Ad Buzzaar


Corporate

Economy

Expressions

Markets

Leisure

 

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.


Top


EcoIndia

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Interested in Hi-tech ventures with Israel? Click here


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties