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5 regional exchanges to come together

By Our Special Correspondent

CHENNAI APRIL 29. Faced with a survival threat in the fast evolving environment, five regional stock exchanges in the South have come together to float an alternative national-level trading platform.

The five regional exchanges — Madras, Bangalore, Kochi, Coimbatore and Mangalore — met here yesterday and formulated a draft plan to kick-start this idea.

Sharing of a common trading platform was chief among the various proposals discussed at the meeting. The objective is to facilitate placement of all shares listed exclusively on regional exchanges on a common order book. The participants, a release said, had explored the possibility of forming a model platform on the lines of Euronext in Europe and mooted a similar model in India and christened Indonext.

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