The Delhi Stock Exchange (DSE), which had postponed twice the launch of equity trading on its platform, is gearing up for a trial run. The Securities and Exchange Board of India (Sebi) has inspected the exchange and a regulatory nod to allow the bourse to trade is expected soon, said a top DSE official who did not want to be quoted.
According to sources in DSE, the exchange expects to begin trading in May. When contacted, DSE head H S Siddhu refused to give a specific date when they plan to begin trading. “We are awaiting an official nod from Sebi,” he said.
DSE has upgraded its central platform for electronic trading with the latest software called ‘Dome’ supplied by Financial Technologies, its business and technology partner.
DSE’s trading terminals will be known as Delhi Online Trading System (DOTS). The bourse has 2,800 listed companies, out of which 1,700 are exclusively listed on its platform. There has been no trading on DSE since 2003. It completed the de-mutualisation process in 2007 by selling 55 per cent stake to investors.
