MOU with Dhaka Stock Exchange

We are pleased to announce that The Calcutta Stock Exchange Ltd., (CSE) has entered into a Memorandum of Understanding (MoU) with Dhaka Stock Exchange. This MoU provide for periodic interaction and sharing of best practices. It would enable Dhaka Stock Exchange to benefit from the vast experience that CSE has accumulated over the years. CSE is a century old permanently recognized Stock Exchange. CSE was established in the year 1908. It is the second oldest in Asia and was the second-largest stock exchange in India till 1995. Since, demutualisation in the year 2007, the Exchange is being run by a Professional Board of Directors. CSE has over 2500 companies listed with it out of which over 1,800 companies are exclusively listed with CSE. CSE has also entered into agreements with both BSE and NSE for sharing of their trading platform by the trading members of CSE under Section 13 of SCRA.

Apart from its existing operations, CSE has entered into MOUs and Agreements with other Regional Stock Exchanges viz. MP Stock Exchange, Ludhiana Stock Exchange, Bangalore Stock Exchange, OTC Exchange of India, The U. P. Stock Exchange, which are going for voluntary Exit, for consolidation of their business operations relating to trading members and listed companies. This enables CSE to emerge as a force to reckon with for small and retail investors to penetrate the nationwide Capital market. This endeavour would create PAN India Exchange with headquarter at Kolkata.

“It is a privilege to state that though we operate under different laws of our respective countries but our common history and objective has again bound us together and this gives us an opportunity to share a common platform for diffusion of knowledge in the Stock Exchange Business”.

As one of the oldest Institution Calcutta Stock Exchange shall share, assist and disseminate information and knowledge and ensures to hold interactive sessions time to time with Dhaka Stock Exchange.

The present MoU between these two Exchanges would envisage regular interactions between the Exchanges and sharing of knowledge, understanding , information and developments in capital market for the long term benefit of both the parties. This MOU also records additional understanding that both parties may strive for any inter-exchange collaborative endeavor under a common agenda mutually agreed by both parties for their benefit and interest subject to the approval of the respective regulators.

We are hopeful this association will bind us further economically and culturally.