LATEST NEWS

BSE to join Eurex platform

Mumbai, March 13: The Bombay Stock Exchange (BSE) will adopt the Eurex trading platform owned by Deutsche B�rse AG. This new architecture will be first used in its derivatives market platform. Later, it will be extended to the cash market segment.

The upgradation is being seen as an attempt by the country's oldest stock exchange to catch up with its arch rival, the National Stock Exchange, which now has the largest market share. It also comes after the recent entry of MCX-SX, the third stock exchange in the country.

Deutsche Borse holds a 5 per cent stake in the BSE, the maximum that can be held by any single entity in a local stock exchange.

A statement from the BSE said the new partnership would allow it to achieve high global standards for speed, reliability and order-handling capacity. It is also expected to bring to the BSE state-of-the art levels of capacity already in place at the International Securities Exchange (ISE) since summer 2011, which is being rolled out at Eurex Exchange. ISE is the all-electronics options exchange in the US.

The BSE is of the view that by aligning Eurex Exchange and ISE markets on a common trading infrastructure, IT costs for shared customers will be significantly reduced. It is also expected to reduce technology development and installation efforts for Eurex and ISE members who wish to connect to the BSE.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.

DON'T MISS

  • The Rs 80,000 crore milk business is on a tear

    If you thought that all the action in business was concentrated around the e-commerce sector, you could not be more wrong. The unlikely category of milk and dairy products has been seeing some of the most ... …

  • Charged up

    Reliance Jio's battle with other cellular operators over spectrum usage charges is set to escalate. …

  • Cracking the Code

    HackerRank is helping companies recruit coding champions through online tests. …

  • Poor Prediction

    A Niti Aayog presentation says poverty in India could be wiped out by 2032. Is it possible? …

  • Missing in Action

    Villages adopted by Gandhis make little progress. …

  • The VillageEconomy

    Inside: Model villages 68 / How India failed its poor 76 …

  • Hardly Adarsh

    Saansad Adarsh Gram Yojana, PM's pet project, has the potential to kick-start the rural economy, but is going nowhere if we go by the results so far. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    195.55+11.80+6.42%
    SBIN.BO
    16.20+0.85+5.54%
    SUZLON.BO
    66.50-1.45-2.13%
    SPICEJET.BO
    103.35+4.55+4.61%
    IBREALEST.BO
    49.00+1.35+2.83%
    RCOM.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    100.90+16.75+19.90%
    CHEMFALKAL.BO
    72.90+12.10+19.90%
    SAMPRE.BO
    99.50+16.50+19.88%
    ICNX100.BO
    36.85+5.60+17.92%
    BRAHMINFRA.BO
    129.15+19.15+17.41%
    TEJNAKSH.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    8.38-1.86-18.16%
    LAHOTIOV.BO
    629.15-124.65-16.54%
    LOYALTEX.BO
    78.95-13.20-14.32%
    AMARJOTHI.BO
    13.90-2.10-13.13%
    SRSFIN.BO
    724.80-103.05-12.45%
    NOVARTIND.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo Cricket