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Calcutta Stock Exchange plans to provide access to IFSC for its trading members

Since April 2013, trading through the CSE’s own platform is halted after market regulator SEBI directed it not to continue with the clearing and settlement activities.

October 24, 2022 / 07:51 PM IST

In a bid to stay afloat, the Calcutta Stock Exchange (CSE) was mulling offering its members access to the international financial services centre in Gujarat’s GIFT City so that they can trade in foreign stocks, an official said on Monday.

An international financial services centre (IFSC) is an entity that helps customers transact financial services outside the jurisdiction of the domestic economy.

Since April 2013, trading through the CSE’s own platform is halted after market regulator SEBI directed it not to continue with the clearing and settlement activities.

“We are planning to provide our members access to international stock trading. We are trying to get access to GIFT City IFSC,” a CSE senior official told PTI on condition of anonymity.