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MSE enter into Partnership with NSE
The Madras Stock Exchange Ltd and National Stock Exchange entered into a partnership on Thursday to facilitate members of the former to trade on both cash and derivatives segments on NSE's platform. The arrangement is launched by market regulator SEBI Chairman C B Bhave at a function here, would also facilitate companies listed on MSE to be traded on NSE. The partnership is expected to enhance the liquidity for the MSE-listed securities and thus benefiting retail and small investors, who were holding shares of such companies, according to MSE. Further, the members are likely to get their trading activities revived in association with the NSE and more companies may show interest in continued listing with the 72-year old MSE. From SEBI, The arrangement has received all regulatory clearances, it said.