The Delhi Stock Exchange (DSE) plans to launch trading operations and its online trading platform next year. These issues were discussed at the 61 st annual general meeting of the shareholders on December 19. The operations are likely to start in a month.
The exchange also plans to foray into the retail depository participant (DP) business. It may tie up with regional stock exchanges and open a number of branches in north India. The exchange has received 123 membership applications for deposit-based trading. The exchange plans to offer new products too. The board of the exchange has decided to offer connectivity to all members free-of-charge for a year.
During 2008-09, the gross income of the exchange remained at the same level as in the previous year. Its gross income stood at Rs 10.96 crore against Rs 11.02 crore in the previous year. During the period under review, the exchange’s net profit after tax stood at Rs 4.36 crore against Rs 5.38 crore in the previous year.