The Delhi Stock Exchange (DSE) is planning to offer its members the ISDN connectivity to facilitate expansion to other centres as its V-Sat connectivity is not proving to be successful in instances where terminals have been set up outside the city.DSE has gone on-line through V-Sats about three years back and according to the brokers, the connectivity is not very good and is proving to be a hindrance for expansion in other centres.
"Our future hinges on being able to tap retail clients based in north-India. Even though some brokers have expanded to other centres their experience with the systems has not been too good. We are now seeing how they can be put on the ISDN network and if brokers could pool in together to get a connection from a single location it may not be a very costly proposition as well," said a top DSE broker. With little fresh business coming in the form of new clients, Delhi brokers are faced with an arduous task of expanding to new locations. This has become even more difficult as theNational Stock Exchange (NSE) has already made its presence felt in several upcountry towns and cities. DSE brokers, however, feel that they understand the people better and hence would be able to attract business.
Recently, the brokers of the exchange had shot down a proposal of the board to sign up with the Bombay Stock Exchange (BSE). The members were of the opinion that the exchange should first sign up with stock exchanges of Ludhiana, Kanpur etc before signing up with BSE.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.