MSE plans badla trading

Raamassubramanian informed press persons that MSE would seriously look at carry-forward side8217;. The MSE president said the exchange was now busy writing rules and regulations before the proposal was placed before the board of the exchange. He expected the exchange to approach Sebi by month-end to seek the regulator8217;s nod for badla trading. Badla trading on MSE stopped in early 8217;80s. Since then, MSE had been a cash market8217;, he said.

MSE would contribute Rs 1 crore to the corpus. Each member-brokers would commit Rs 1 lakh to the corpus. This would come into the corpus by transferring from the base minimum capital8217; Rs 1 lakh per broker. Thesecontributions, he said, would be equally backed by insurance. Besides these, MSE would collect a non-refundable contribution of Rs 10000 from each member-broker, he said.