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Saturday, March 6, 1999

HSE plans outstation info-terminals 

K V V V Charya  
HYDERABAD, Mar 5: As a prelude to setting up additional trading terminals in other business centres of AP, the Hyderabad Stock Exchange (HSE) now proposes to install Investor Information Terminals (IIT) soon in those towns.

According to a senior HSE official, it is the ideal time for the exchange to restart its activities by providing value added services to the investors in places outside Hyderabad also.

HSE's information terminals are expected to come up at Vijayawada and Vishakhapatnam. They will initially cater to the needs of the investors in these places, HSE executive director K Subrahmanyam told The Financial Express.

These terminals will provide real time quotes from BSE, NSE and HSE apart from corporate informantion through the HSE Intranet, he said. Though trading will not be permitted on these terminals, the investors can keep themselves better informed to place orders on his own with his HSE broker.

As of now, some of the HSE borkers are in touch with the major share consultants atboth the centers who forward sale and buy orders on behalf of their clients.

HSE, after switching over to the on-line trading mode from the earlier open out-cry system, had planned to set up additional trading terminals at Vijayawada and Vishakapatnam. However, negotiations have failed as the share brokers associations at both the centres were intended to set up their own stock exchanges.

HSE's move to set up information terminals comes at a time when Inter-Connected Stock Exchange had kicked off its operations. Earlier, HSE had offered to bear the entire cost of setting up the systems required for network access to the ISE from the two cities through its own network at the HSE.

As of now, BOLT and NSE are operating from both the centres with a overall trading turnover of Rs 25-30 crore per day, according to a stock broker engaged in the up-country operations.

Though Sebi had accorded in-principle approvals to set up independent exchages at both the centres, the ailing broker associations in thoseplaces could not set up the same due to reluctence on the part of the members. Some believe the bearish market conditions to be the major reason for the brokers' reluctance.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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