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Our Bureau

Kolkata , June 25

THE CSE brokers today at a meeting with two members of Parliament, Mr M.D. Salim and Mr S. Sil, demanded that the bourse authorities should actively pursue the cases against the defaulters to recover money.

They also urged that the bourse authorities, which is under SEBI appointed administrator since December 2003, must introduce derivatives trading through subsidiary route to improve turnover of the exchange.

The average daily turnover now hovers around Rs 1 crore. CSE brokers forum - Calcutta Securities Brokers Welfare Association, which organised the meeting, complained that the exchange administrator, Mr T.K. Das, had not taken steps to improve the financial position of the exchange.

The Calcutta Stcok Exchange Employees' Union also submitted a memorandum to the two CPM MPs, detailing the apathy of the authorities and stressed the need to revive the exchange in view of the eastern region's economic interest. The MPs assured the brokers that the State Government and the Centre would be moved to see whether revival was possible.

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CSE brokers demand action against defaulters

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