Financial Daily from THE HINDU group of publications
Wednesday, Jul 10, 2002
Financial Daily from THE HINDU group of publications Wednesday, Jul 10, 2002 |
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Markets
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Stock Exchanges 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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