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This is an archive article published on April 12, 2010

Investor-friendly stock exchange

A deposit based membership scheme has been launched.

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As part of its revival bid,Bangalore Stock Exchange (BgSE) today launched its new investor friendly initiative,Deposited Based Mambership Scheme.

The scheme was designed to help entrepreneurship in the financial markets area and to build upon their skills,network and distribution capabilities,V Ravikumar,Executive Director,BgSE,told reporters here.

Stating that membership of BgSE would automatically entitle one to sub-brokership of its subsidiary BgSE Financials,he said,trading terminals,both NSE and BSE,thus,would be available besides connectivity using modern means of communication.

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The product was designed to allow Rs one crore of day trading and Rs 20 lakh of delivery based trades and higher limits could be made available subject to the minimum base capital requirements,Ravikumar said.

By this scheme,the exchange was targeting small companies and individual small investors and retailers,between Rs three crore and Rs 10 crore,he said.

It was holding talks with Madras and Kochi Stock Exchanges for having wider network for processing of trades,online viewing of trades and internet based trading opportunities for the clients,Ravikumar said.

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