2 hrs ago
NSE Chairman Urges Rethinking Self-Listing of Exchanges
The chairman of the National Stock Exchange said exchanges should think again about listing their own shares.
He said NSE needs more ways to earn money.
One possible way is selling or monetising data, as long as regulators allow it.
NSE could also introduce new products.
The exchange already has technology and workers for this work.
That means it may only need to spend extra money when the products are used.
His comments came after NSE shares began trading publicly.
The shares opened at Rs 1,800, slightly above their IPO price of Rs 1,785.
By the latest report, they were trading at Rs 1,797.
NSE chairman Injeti said exchanges should reconsider self-listing, according to a report.
He said the National Stock Exchange needs to diversify its revenue streams.
Injeti identified data monetisation as a potential revenue source within regulatory limits.
He said new products could require mainly variable costs because NSE already has technology and manpower.
NSE shares debuted at Rs 1,800, a 0.84% premium, before trading 1.16% lower at Rs 1,797.
- Who
- NSE chairman Injeti and the National Stock Exchange.
- What
- The chairman called for reconsidering the self-listing of exchanges and discussed ways for NSE to diversify revenue.
- Where
- The report concerns the National Stock Exchange in India.
- When
- The comments came a day after NSE shares debuted on the stock market; the latest quoted trading level was on Friday.
- Why
- Injeti said NSE needs to diversify revenue streams through permissible data monetisation and potentially new products.
Key facts
- IPO price
- Rs 1,785
- Opening price
- Rs 1,800
- Opening premium
- 0.84% above the IPO price
- Latest quoted price
- Rs 1,797
- Latest movement
- 1.16% lower
- Potential revenue source
- Data monetisation within the regulatory framework
- Cost advantage
- New products may require mainly variable costs because NSE already has technology and manpower
Quotes
Injeti
Chairman of the National Stock Exchange
“NSE originally started as technology firm. We generate data and data can also be monetised within what is permissible under regulatory framework.”
businesstoday.in
“Hence, the exchange may only have to incur variable costs”
businesstoday.in
Sources
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