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Our Bureau

Kochi Oct. 16

The Cochin Stock Exchange has signed an MoU with the National Stock Exchange to facilitate trading on the NSE for its members. Currently, trading on the NSE is carried out through the exchange subsidiary with members acting as sub-brokers.

Under the new arrangement, members of the Cochin Stock Exchange would be permitted to trade on the NSE directly and no separate registration would be required for this, a press release from the exchange said.

The members, trading on the NSE under this new arrangement, can issue contract notes as a member of the CSE.

The CSE would monitor the compliance requirements of the members pertaining to risk management, exposure limits, margin requirements and capital adequacy norms.

The arrangement would provide cost advantage in terms of initial investments and operating costs to the CSE members who want to trade on the NSE, the release said.

The arrangement would be implemented subject to approval of SEBI.

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