Don’t miss the latest developments in business and finance.

Saurashtra Kutch exchange brokers want F&O trading rights

No stock exchange in Gujarat has the facility at present

Image
Our Regional Bureau Rajkot
Last Updated : Feb 15 2013 | 4:55 AM IST
Saurashtra Kutch Stock Exchange (SKSE) Limited has demanded futures and options (F&O) trading facility for the members of the exchange.
 
The demand was made by Officiating Executive Director of SKSE before the visiting SEBI officials during an investors meet organised at Rajkot.
 
"As the daily trading volume from SKSE Ltd has been sufficient enough and at par with other stock exchanges; we at this juncture request to make F&O trading facilities available to SKSE Ltd which is long pending and this facility will inturn serve the investment appetite of investors from region," said Suresh Rawal, Officiating ED of SKSE Ltd.
 
In fact, none of the stock exchanges in Gujarat are having F&O trading facility, added Rawal.
 
Keeping in view the target Gujarat has to achieve for boosting national economic growth and importance of investment sector of state which shall be tremendously helpful in achieving this target, Saurabh Dalal, Minister of State for Finance, Planning, Energy & Petrochemicals also appealed to SEBI officials to make F&O trading facilities available as early as possible.
 
"Role of SEBI is that of a father of all the stock exchanges, if sons are healthy "� there is less burden on father; so here I request you to approve F&O trading facilities for these stock exchange and lessen your burden," he said.
 
Investor Service Cell of SKSE and its subsidiary SKSE Securities Limited had organised one day investor meet for empowering investors through education as a part of Securities Market Awareness Campaign at Rajkot.
 
The function was divided into two halves the first half was for investors and second half was for brokers.
 
Rajnikant Patel cautioned investors and said, "We are now moving towards disclosure domain from prescription domain and our decisions of investments are based on the information disclosed to us, so we cannot hold anyone responsible for our gains or losses in stock markets "� its wholly the responsibility of an investor."
 
Keynote addresses and presentations by Gul Teckchandani, Rajesh Jain, Mihir Vora, Nilesh Shah, Cyrus Khambhata and Shri Madhukar were mainly focused on the benchmark transactions systems of T2 pattern, online surveillance systems, changing scenario of international markets and the way Indian markets are shaping up in same context, role of depositories like NDSL & CDSL.
 
They cautioned investors to become sensitive when Sensex had zoomed to 9,000 because managing risks and expecting lower returns were expected.They had to watch the way the stock market was operating at present.
 
The investors' meet was addressed by leading experts from financial markets including Rajnikant Patel, ED & CEO of Bombay Stock Exchange, Gul Teckchandani, investment strategist, Rajesh Jain, director & CEO of Pranav Securities, Nilesh Shah, the chief investment officer of PruICICI "� AMC Ltd, and Mihir Vora, head of equities of ABN AMRO Mutual Funds.

 
 

Also Read

First Published: Dec 06 2005 | 12:00 AM IST

Next Story