MSE springs to life with NSE tie-up

Chennai, Nov 5 : Giving fresh lease of life to the 72-year-old regional stock exchange, The Madras Stock Exchange Limited (MSE) and National Stock Exchange of India (NSE) entered into a strategic partnership for trading on the NSE platform in what has been described as the first-of-its-kind in the country Under the arrangement, MSE members can trade on NSE platform in both cash and derivatives segment and enable companies listed on the regional stock exchange to be traded on the NSE.

Announcing this at a press conference here today, MSE Executive Director R K Pillai described the tie-up as a 'milestone' in the hisotry of the regional stock exchange and said MSE members could now trade on the NSE subject to regulatory requirements.

He said business and investing community gave first preference to the NSE and this tie-up would serve their needs.

Praising the teams from MSE and NSE who worked together to operationalise the framework, Mr Pillai said the co-operation was a fine example of how rules and regulations can be used for inclusive growth.

With advances in technology, the regional stock exchanges fell into bad times with broking and investor community switching over to the tech savvy NSE and BSE.

The tie-up is expected to give a boost to trade on the regional stock exchange.

--UNI

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