In its 61st annual general meeting held on December 19th, the shareholders and the management decided to relaunch DSE’s online trading platform in the early 2010. The exchange also plans to start providing depository services as a DP (depository participant).

To expand its reach, DSE will also be tying up with other regional stock exchanges. This would allow members of other exchanges to access the trading platform of DSE.

DSE will also be opening new branches in other parts of North India.

The exchange has already received 123 applications for deposit based trading. New members would be provided free connectivity for the next one year.

An amnesty scheme has also been launched to bring back 296 companies into the fold and recover Rs 1.97 crore in arrears.

KMPG has been appointed as a consultant to formulate a business plan and an operating strategy for the exchange’s new initiatives.

For the financial year 2008-2009, the gross income of the exchange stood at Rs 10.96 crore against Rs 11.02 crore in the previous year. The exchange’s net profit after tax for FY 2009 stood at Rs 4.36 crore against Rs 5.38 crore in the previous year.

The objective is to prevent manipulation of new scrips to unreasonable price levels. Currently there is only a dummy filter, which just informs the exchanges when a new listing’s price goes up by 100% or more.

Recently many new listings have seen exorbitant first day prices.
For example, Nissan copper whose issue price was Rs 39, touched a high of 136 on listing. SEBI is currently investigating trading details of all such stocks.