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In a bid to boost business volume, the Bombay Stock Exchange (BSE) has decided to expand across the country and would turn the regional offices into hubs.
“The new Kolkata office will act as regional hub for 13 eastern and North-eastern states that will help in expanding more in the region,” BSE MD and CEO Mr Madhu Kannan said here today at the inauguration of the new office.
Similarly, the Delhi office will act as hub for North India, he said.
The eastern regional hubs will house investor awareness cell, BSE training Institute, CDSL depository and currency exchange associated exchange — United Stock Exchange at the same office, he added.
The fresh impetus on the region will help in improving the turnover from this region, which accounts less than five per cent.
The newly introduced delivery based F&O by BSE will begin for contracts expiring from April 13. The bourse is banking on this to boost its share in this segment, dominated by NSE.
Mr Kannan said there are some new products pending before the market regulator. Asked about the proposed SME exchange, Mr Kannan said approval is yet to come.
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