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Development

The National Stock Exchange of India (NSE) has established Points of Presence centers in Rajkot, Gujarat to make stock trading more accessible for local citizens. This will allow stockbrokers in Rajkot to connect directly to the NSE order book, reducing costs and improving response times compared to connecting through Ahmedabad. Local traders will now be able to take advantage of arbitrage opportunities more easily. Establishing these local POP centers is part of NSE's efforts to lower operational costs and connect more members across India to its trading network.

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59 views2 pages

Development

The National Stock Exchange of India (NSE) has established Points of Presence centers in Rajkot, Gujarat to make stock trading more accessible for local citizens. This will allow stockbrokers in Rajkot to connect directly to the NSE order book, reducing costs and improving response times compared to connecting through Ahmedabad. Local traders will now be able to take advantage of arbitrage opportunities more easily. Establishing these local POP centers is part of NSE's efforts to lower operational costs and connect more members across India to its trading network.

Uploaded by

kamaldave
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Developmental story

National stock exchange trading now more easy for


citizens of Rajkot

Kamal Dave (Rajkot)

27th October, 2009


Gujarat has highest investor in the stock market of India. To give them
facilitation National Stock Exchange (NSE), the pioneer in setting up a
countrywide trading network for the financial community, is now taking a
step further by establishing Points of Presence centers in the Rajkot.

Keeping in view the lower operational costs, NSE has started Points of
Presence (PoP) centre at Marwadi Shares and Finance Pvt. Ltd in Rajkot to
effectively connect Saurashtra-based NSE members to the order book. First
of all this facility was restricted for the state level. Therefore the members
were connecting to the order book through Ahmedabad based PoP. Hence
there was additional cost for connecting through leased line or any other
mode of connectivity.

After getting PoP connection to the Rajkot it will result in lower cost of
connectivity and faster response time. More over the advantage of
connectivity or other technology issue can be attended at the local level",
said Pankaj Sata, of Kotak Mahindra Security Pvt. Ltd based in Rajkot.

According to Mr. Bipin Kothari one of the well-known brokers of Rajkot, this
area has been deprived from arbitrage on account of slower connectivity and
response time. Now, arbitrage trading opportunity can be exploited by local
players and this would open new avenues of business for them.

One of the official member of Marwadi Groups said, "Trading facility and
speed will be become much better as NSE put up PoP in Saurashtra region. It
reduces the cost and members will get financial benefits."

(NSE’s network of VASTs and leased line is one of the largest and the most
sophisticated in country with six thousand VASTs, leased line and internet
based connections; connecting over two lakh trading terminals spread across
1200 plus locations of the country. Recently, NSE has migrated its network
platform to IP technology to provide higher speed, reliability and enhanced
business features and products.) As per the NSC official web site.

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