Saturday, October 15, 2011

BSE, NSE ON COMMON TRADING PLATFORM

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are joining hands to make equity trading more convenient. Sources close to the exchanges say stock feeds coming from both BSE and NSE will be made available on a single trading platform. Till now, stock brokers had to
use two separate terminals to trade or view stock quotes coming from both the exchanges. To begin with, BSE's online trading platform (BOLT), or Fast Trade, will be made available on NSE's in-house software Neat-on- Web (NOW). Traders using this platform will get access to more than 7,000 stocks listed on BSE. NSE has more than 1,300 major companies listed on its platform and a large number of BSE-listed stocks, lying outside this universe, are punters' favourites. BSE will get access to NSE's over 200,000 trading terminals in 1,400 towns across India. Effectively, the move means integration of trading terminals and widening of reach. BSE will offer NSE's trading terminal NOW (Net On Web) free of cost to its members

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