DSE to restart trading in May, eyes SMEs
The Delhi Stock Exchange (DSE) will restart its trading from May this year. It had stopped trading in 2002. The exchange will focus on providing trading platform to smaller companies especially SMEs along with servicing bigger companies.
“We are in the process of finalising our trading platform software. The market regulator, SEBI, will check the compatibility on risk assessment and surveillance by beginning of May,” said HS Sidhu, executive director and CEO, DSE.
While the two major exchanges BSE and NSE have the leading companies listed with them and have deep reach to the investors, DSE still feels a need for couple of exchanges.
There are 2,800 companies listed with DSE and around 3,000 with other regional stock exchanges. DSE is looking to initiate trading first and will launch its F&O trading in the next two years.
To help investors with access to trade, DSE is currently in the process of upgrading its website which it expects to complete by April. The exchange is also entering into a tie up with 1,500 brokers to start with, said Sidhu.