MUMBAI: Market regulator Sebi on Monday allowed Hyderabad stock exchange to cease as a stock exchange. In the process HSE has become the first exchange among 25 in the country to voluntarily opt out of the exchange space.
Since the advent of online trading in the country in mid-1990s, regional stock exchanges like HSE have been finding it tough to compete with pan-India bourses like NSE and BSE.
According to Sebi, currently of the 25 exchanges most are non-operational and only five — NSE, BSE, MCX-SX, USE and CSE — have trading on their platform.
Source: http://timesofindia.indiatimes.com/business/india-business/Hyderabad-stock-exchange-voluntarily-ceases-to-be-a-stock-exchange/articleshow/18228382.cms
Since the advent of online trading in the country in mid-1990s, regional stock exchanges like HSE have been finding it tough to compete with pan-India bourses like NSE and BSE.
According to Sebi, currently of the 25 exchanges most are non-operational and only five — NSE, BSE, MCX-SX, USE and CSE — have trading on their platform.
Source: http://timesofindia.indiatimes.com/business/india-business/Hyderabad-stock-exchange-voluntarily-ceases-to-be-a-stock-exchange/articleshow/18228382.cms
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