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Mumbai, Jan. 12

The Bombay Stock Exchange (BSE) has entered into an agreement with Europe-based OMX, a technology provider for exchanges, clearing organisations and central securities depositories. OMX will provide BSE the technology for a new trading and clearing platform for derivatives and cash securities, said a joint statement from the companies. The new trading platform is aimed at enhancing volume capacity in the cash market, and increasing the speed of transaction as well as enhan cing scalability of the system. The system will allow BSE to clear a wider range of products, as well as offer a new set of clearing services to its members. BSE will also launch short selling in securities in February, after the modalities have been discussed with regulators, said Mr Rajnikant Patel, Managing Director and CEO, BSE. —

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