The Hindu Business Line : Getting savvy

This refers to “BSE must price services competitively, develop new products: SEBI chief” (Business Line, July 10).The much younger exchange, the NSE, has surpassed the BSE many times over, on account of its effective and updated services.

The demutualisation and corporatisation process would pave way for much expected reforms and modernisation, apart from sharing the prosperity among the investors, as the corporatisation process will ensure greater transparency and accountability in functioning.

It is noteworthy that SEBI has called for a thrust on regulatory responsibility rather than mere focus on the remunerative angle. As a pre-Independence entity, the BSE should be able to identify the problems faced by the small investors and brokers, with years of experience.

It is essential that the BSE should change in tandem with the aspirations of its clients — lakhs of retail investors and hundreds of stock-broking personnel. The vibrancy of a market largely depends on the marketing agency. The BSE should regain its ‘pre-eminent position’ by planning innovative ideas to attract new investors and traders.

C. P. Velayudhan Nair Kochi

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