The Calcutta Stock Exchange (CSE) is seeking SEBI's guidance on restarting equity trading, with the 118-year-old exchange evaluating two routes: interoperability with NSE/BSE or setting up its own clearing corporation.
For CSE, interoperability could provide the faster and more practical route. If SEBI permits CSE to use the clearing infrastructure of NSE or BSE, the exchange could avoid the time and complexity involved in establishing a new clearing corporation.
CSE officials are expected to meet SEBI next week to understand the applicable compliance requirements before finalising the revival roadmap. The West Bengal government is also awaiting this roadmap from CSE management.
The move follows CSE's earlier decision to seek a hold on its voluntary exit application, after the West Bengal government backed efforts to revive the exchange. However, regulatory, technological and commercial viability challenges still need to be addressed.
