| CSE sources indicated that members of the empowered committee were working overtime to start the trading facility by November. |
| "We would like to commence trading on BOLT by this Diwali which would be a perfect time to start the new innings for CSE," a senior member of the exchange said. |
| BSE members visited CSE last week to prepare a report on the existing infrastructure so that the system could be installed quickly. |
| Sources said talks were on with traders regarding connectivity so that the connection could be made available to them as soon as the new system became operational at the exchange. |
| A top broking house confirmed that the CSE authorities had approached it to link up to the system and to request them to trade on the exchange following the resumption of trading under BOLT. |
| In a parallel development, CSE was working on a model for the proposed SME trading platform. |
| "We are at the initial level and this would be a priority once trading commences," top CSE sources said. |
| In the post demutualisation scenario, CSE would have to do with 1188 members and the exchange could take a call on increasing the numbers if needed, by issuing "deposit based membership", the source added. |
| Meanwhile, Sebi had approved the appointment of S Mitra as the principal secretary of CSE. |
| He would be replacing T K Das, a retired IAS officer who was in charge of the exchange for the last four years. |
Top Section
Explore Business Standard