1. BSE and NSE are partnering together to combat the competition and a step in this direction is development of software NOW by NSE which will enable the National Stock Exchange (NSE) and Bombay stock exchange brokers to trade on multiple exchanges.
2. This is a right step as it will help one to trade simultaneously in NSE and BSE-listed companies. By using the NSE software NOW will enable a broker using NSE’s front-end software to trade on NSE cash/derivative/currency and also on BSE’s cash as well as on NCDEX. These markets can be tapped by members and their clients using different means of connectivity — via internet, VSAT and the leased line. One must compliment this synergisation of ops as it is a win-win situation for all market participants.
3. I only hope that they come with a software where a retail investor is able to buy on either of the exchange and sell at either of the exchanges as this step will help one to benefit from intraday volatility existing on the xchange.
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BSE NSE Partner for Trading on Multiple Exchanges
