By BridgeNews Mumbai--Nov. 29--India's National Stock Exchange subsidiary NSE.IT Ltd. and i-flex Solutions Ltd. Wednesday launched an Internet trading portal, DotEx Plaza. DotEx will provide a common Internet infrastructure platform for stock brokers, whose clients can execute trades on the site, Ravi Narain, NSE's managing director said. * * * Brokers who cannot afford to set up infrastructure for Internet trading for their clients, can route client orders through DotEx (www.dotexplaza.com) with specific identification numbers, Narain said. For this, NSE.IT would charge brokers a registration fee of 50,000 rupees, an annual subscription fee of 100,000 rupees and a refundable security deposit of 100,000 rupees. In addition to this, a graded transaction fee of 0.03-0.05% will be charged. The portal will source content from BRIDGE, The Hindu Business Line newspaper and Capital Market magazine, Narain said. Inaugurating the trading platform, Securities and Exchange Board of India Chairman D.R. Mehta said that Internet trading should propel the Indian capital market to the top slot in volume and value among the Asian markets. The stock market regulator also commented on the role of the broker in the Internet age. Though he sees their role being limited, he said, "I don't think we will have a situation where brokers will cease to exist." DotEx has capital of close to 100 million rupees, with NSE.IT holding a 51% stake and i-flex Solutions holding the rest, NSE's Narain said. (46.78 rupees--U.S. $1) End Copyright 2000 Bridge Information Systems Inc. All rights reserved.