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Wednesday, Jul 10, 2002

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New BSE system to expand Net trading

Our Bureau

MUMBAI, July 9

THE Bombay Stock Exchange (BSE) has launched i-BAT (Internet enabled broker administration and trading terminals), its Internet-enabled branch and sub-broker trading system. This system will enable all members of the BSE to start offices anywhere in India. They can also use this system to open offices outside India, subject to SEBI regulations.

To avail of this system, sub-broker or the branch is required to have an Internet connection.

The BSE in a statement said that the system would help members to expand their business and distribution at a very low start-up cost without having to worry about incurring cost on leased lines or V-SATs in order to expand geographically.

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