Date:30/08/2006 URL: http://www.thehindubusinessline.com/2006/08/30/stories/2006083001851400.htm

Back HSE suspends trading temporarily

Our Bureau

Hyderabad, Aug. 29

The governing board of the Hyderabad Stock Exchange (HSE) has decided to temporarily suspend trading till it upgrades trading infrastructure to meet the SEBI directives pertaining to VaR (value at risk) margin. The market regulator had earlier advised all the bourses to implement the calculation of VaR margin at least five times intra-day based on the closing price of the previous day. According to a HSE notice, it was submitted to the SEBI that the exchange took adequate measures to ensure safety and security of the market by way of collecting 100 per cent upfront margins, pay-in on T+1 basis, bringing all the stocks under trade-for-trade segment and also reducing the circuit filter to two per cent.