|
Thursday November 5, 04:57 PM
|
Source: Financial Express
|
MSE enter into partnership with NSE
The Madras Stock Exchange Ltd and National Stock Exchange (^NSEI : 4941.75 -63.8
) on Thursday entered into a partnership to facilitate members of the former to trade on both cash and derivatives segments on NSE's platform.
The arrangement, launched by market regulator SEBI Chairman C B Bhave at a function here, would also facilitate companies listed on MSE to be traded on NSE.
The partnership is expected to enhance the liquidity for the MSE-listed securities and thereby benefiting small and retail investors, who were holding shares of such companies, according to MSE.
Further, the members are likely to get their trading activities revived in association with the NSE and more companies may show interest in continued listing with the 72-year old MSE, it said.
The arrangement has received all regulatory clearances from SEBI, it said.
