BSE to tie up with global SEs

Stating that the BSE has been spurred to go aggressive after the entry of National Stock Exchange NSE, Rathi said it was necessary to share information and learn from the working of other exchanges.

BSE8217;s volume of business has risen by 80 per cent in the last eight months and this indicated its growing business in other parts of the country, Rathi pointed out.

The BSE president said the exchange also plans to establish trading terminals in 400-500 different centres in the country by next year andthis is expected to increase the number of trading terminals from 3,500 to 4,500. quot;We will have 4,500 trading terminals of BSE in different parts of the country by March,quot; Rathi said.

As per the Sebi rules, stock exchanges can establish their trading terminals anywhere in the country. Rathi said the department of telecom DoT has given its approval to have a transponder, allowing the bourse to link with its members and their representatives anywhere in the country.

Currently, BSE is using the transponder facility of Hughes Escorts Communications Limited HECL. quot;We applied to DoT for a transponder anticipating increased applications from members to establish connectivity with other parts of the country,quot; Rathi said.

He said the exchange would continue to use HECL8217;s facility and the new transponder facility allowed by DoT was aimed for the new members. He said the value of the BSE memberships have risen in the past few months to 2.15 crore, indicating increased demand for its memberships.