Calcutta Stock Exchange has been approached by two leading European stock exchanges for a possible collaboration in the F&O segment, Business Standard reports.
"A couple of foreign stock exchanges have approached us for a collaboration in the derivative trading. This would discussed in tomorrow's board meeting," said Udayan Bose, chairman, CSE. "Our strength lies in the F&O segment. Derivative trading at CSE started much before than the BSE but under a different name (Badla trading)."
According to a top official of CSE who refused to divulge his name, the bourses are based at West Europe, and is eying a 5% stake in the exchange. "Both the burses are willing to take a stake at the exchange and concentrate on the F&O segment," he said.
Although he refused to comment any further, but he indicated that Deutsche Borse, which has a 5% stake at the BSE, could be one
of the exchange.
"Both are leading exchanges in the West Europe and specializes in the derivative trading," he said. Addressing a press meet, on the occasion of the centenary celebration of the Kolkata-based burse, said that the main focus at the moment is to increase the turn over. "We need to increase the trade volume to attract the new companies," he said.
