BSE scouting for regional partners

 
“We are looking for alliances with some regional stock exchanges. We are in talks with some of them,” BSE Deputy CEO Ashish Chauhan told PTI.

Under the partnership, companies listed on a particular regional exchange will be available for trading on the BSE and members of that local bourse will also be able to trade in shares of companies listed on the BSE, the official said.

“With over 20 stock exchanges in the country, there is scope for alliance,” Chauhan said over the phone from Mumbai. Asia’s oldest bourse BSE’s search to partner with local exchanges comes in the backdrop when its main rival the National Stock Exchange is also scouting for similar opportunities, said market analysts.

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