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Mumbai, February 19, 2002 – BgSE Financials Ltd., a subsidiary of Bangalore Stock Exchange (BgSE), has signed up with DotEx International to provide Internet trading facility to over 100 Bangalore Stock Exchange members.

BgSE Financials is an exchange subsidiary member of National Stock Exchange (NSE), enabling BgSE members to trade on NSE. DotEx International, promoted by NSE.iT and i-flex solutions ltd., provides Internet trading infrastructure to NSE members.

Internet trade by investors of BgSE brokers will be routed to National Stock Exchange’s trading system using the Internet trading infrastructure of DotEx (www.dotexplaza.com). Internet trading by BgSE Financials will be launched on February 20, 2002.

“BgSE Financials has always endeavored to empower the investors and, Internet trading facility through DotEx Plaza gives an investor easy and convenient access to the market. BgSE Financials believes that with this move, services of the company will reach out to more and more number of investors, breaking geographical barrier. With net trading all set to pick up over the next few years, we are starting net trading at the most appropriate time whereby we could service the investor at his doorstep. This is a significant move, the effect of which can certainly felt in years to come,” said Ms. K Kamala, Director, BgSE Financials Ltd.”

“This engagement with BgSE Financials is a significant step in our efforts to provide investors with quality access to Indian stock markets. The use of DotEx trading infrastructure will enable members of Bangalore Stock Exchange to offer their investors the most advanced and proven Internet trading system in the country. DotEx’s ASP model allows brokers to concentrate fully on their business, leaving aspects of security, maintenance, upgradation and integration of new features in the responsible hands of highly experienced professionals,” said V. Srinivasan, CEO, DotEx International Ltd.

BgSE Financials is the first exchange subsidiary of a regional stock exchange to offer Internet trading facility to its members. With the addition of BgSE Financials, DotEx have enabled nearly 500 SEBI registered broking entities to offer Internet trading to their investors. Since the launch of DotEx in November 2000, more than 80 per cent of NSE members offering Internet trading have opted to use DotEx infrastructure. DotEx is India’s only Application Service Provider (ASP) offering Internet trading infrastructure to stockbrokers. The business model of DotEx is to enable stock brokers to offer Internet trading to their customers fast without having to set up, maintain and upgrade the trading system on their own. A stockbroker who has decided to offer Internet trading to its customers can offer the facility within a week’s time with DotEx. He just needs to sign up with DotEx Plaza and request his customers to get a DotEx Trading Account Number from dotexplaza.com site. The customer can begin to trade after the broker adds him to the DotEx Internet Trading System. The stockbroker will have a separate administrative site where he can add customers and set trading limits, apart from other customer support functions. At present DotEx Plaza offers Internet trading on National Stock Exchange.

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