Calcutta bourse to improve connectivity

The Calcutta Stock Exchange (CSE) is set to introduce leased line connectivity to increase coverage through terminals. Currently only 35-40 buildings adjacent to the exchange is connected through Local Area Network (LAN).

"This would ensure that the broking houses scattered across the state would stay connected with the exchange," said BK Agarwal, one of the directors of the new board for CSE.

V-Sat and broadband would be installed later, which would enable the expansion of CSE terminals further.

"We are in the process of installing a quality system with high speed technology and better connectivity in six months," he added.

The exchange is planning to set up a marketing team. "In this age, one should have the ability to sell his product. We need to approach the old members as well and explain to them the advantage of trading in the exchange and for this we would constitute a professional team as soon as possible," Agarwal said.

The exchange is planning for a host of new initiatives like the proposed financial hub at the Rajarhat where the state government has promised a five acre plot. Soon after initiating the Mahurat trading, it introduced depository services for the members and clients at cheaper rate.

CSE also announced that to trade in BSE platform along with the CSE, a member needs to deposit Rs 12.5 lakh (Rs 2.5 lakh for BSE platform) as security.