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Termination of Section-13 Trading Agreement by NSE with CSE

19th July, 2023

NOTICE

 

Sub: Termination of Section-13 Trading Agreement by NSE with CSE

 

Members are hereby informed that National Stock Exchange (NSE) vide its letter dated 18th July, 2023 have terminated trading agreement between this Exchange and NSE u/s 13 of Securities Contracts (Regulations) Act, 1956 effective from 30 days from the date of this letter.

Further, members are requested to note that if any member has any open positions in the NSE Derivative segment, it shall be closed out/ squared off all such open positions within the said date or at the expiry of the contracts, whichever is earlier.  

It is clarified that members shall settle the pay-in and pay-out obligations in respect of transactions, if any,  which would take place till 30 days from the date of the said NSE letter

In view of the above letter of NSE, members presently carrying out trades under NSE-CSE arrangement in CM (Cash Market) and Derivative segments would not be permitted to trade in NSE Trading platforms with effect from 30 days from the date of said NSE letter dated 18th July, 2023.

 

 

 

This is for information of the members.

 

Dhiraj Chakraborty

CGM & Compliance Officer

The Calcutta Stock Exchange Ltd.