Business Standard

European stock exchanges approach CSE

Hints at a possible collaboration in the F&O segment

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BS Reporter Kolkata

The issue will be discussed in the board meeting of CSE tomorrow.
 " A couple of foreign stock exchanges had approached us for a collaboration in the derivative trading. This would be discussed in tomorrow's board meeting," said Udayan Bose, chairman, CSE.

"Our strength lies in the F&O segment. Derivative trading at CSE started much before than the BSE but under a different name (Badla trading), " he adds.

 

According to a top official of CSE who refused to divulge his name, the burses are based at West Europe, and is eying a 5 percent stake in the exchange.

"Both the burses are willing to take a stake at the exchange and concentrate on the F&O segment," he said.

Although he refused to comment any further, but he indicated that Deutsche Borse, which has a 5 percent stake at the BSE, could one of the exchange.

"Both are leading exchanges in the West Europe and specialises in the derivative trading," he said.

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First Published: May 15 2008 | 4:29 PM IST

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