Business Daily from THE HINDU group of publications
Tuesday, Apr 08, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Apr 08, 2008 ePaper | Mobile/PDA Version |
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Markets
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Stock Exchanges Our Bureau Mumbai, April 7 The National Stock Exchange of India has recently got Nifty-based Exchange Traded Funds (ETFs) listed on three foreign exchanges. “Recently we have got Nifty-based ETFs listed on three stock exchanges – London Stock Exchange, Frankfurt Stock Exchange and Milan Stock Exchange,” said Mr Ravi Narain, Managing Director & CEO, NSE, while speaking to reporters on the sidelines of the Workshop on India-Hong-Kong Financial Sector Co-operation. On the recent spurt in Nifty futures volumes in the Singapore Stock Exchange, Mr Narain, said, “It is very obvious that some market participants who were not able to get Indian exposure will go elsewhere.” On the introduction of direct market access (DMA) for institutions by SEBI through the brokers’ infrastructure, Mr Narain said it was an excellent move as we are one of the few markets that don’t have it. DMA is a facility, which allows brokers to offer clients direct access to the exchange trading system through the broker’s infrastructure without manual intervention by the broker. More Stories on : Stock Exchanges
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