Mumbai, Feb 20: The National Stock Exchange (NSE) is planning to shift in a phased manner to the Bandra Kurla complex by May. According to NSE sources, "The exchange is planning to move in a phased manner such that the daily work is least affected. The exchange is waiting for the occupation certificate and will start shifting as soon as the exchange receives the same. At present we are working on the schedule on how and when to move the different departments."Sources added that NSE had bought more than 2 lakh sq ft area a couple of years ago at the Bandra Kurla complex. The exchange is presently located in two places - one in Mahindra Towers in Worli and other in Trade World in Lower Parel. Both these offices are rented and it felt the need to have a permanent premise to set up all their infrastructure under one roof.
The planning of the entire process of shifting involves huge work as every care has to be taken so that the market is not affected. Establishment of NSE is perhaps the most important event in the Indian Securities market reforms.
The standard set by NSE in terms of market practices and technology have become industry benchmarks and are being emulated by other market participants.
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