New Delhi, Aug 5: The board of directors of the Delhi Stock Exchange, on Tuesday, approved the agreement which the bourse has entered into with 250-odd brokers members for its trade guarantee fund (TGF).The stock exchange has already made operational the TGF with effect from July 27. The nation wide expansion of the bourse's on-line trading system (DOTS) is also learnt to have been cleared by the Securities and Exchange Board of India (Sebi) recently.
Setting up of the TGF, which guarantees transactions, is mandatory under Sebi norms for the nation-wide expansion of a stock exchange. DSE plans to set up DOTS terminals at 57 cities in North India, including Chandigarh, Gurgaon, Amritsar, Patiala, Jalandhar, MOradabad, Dehradun, Bhopal, Gwalior, Jodhpur and Jammu.
DSE will become the third bourse after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to have a nation-wide presence.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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