Mumbai, Sep 4 - Delhi Stock Exchange (DSE) has received 110 membership applications from brokers for deposit-based trading and plans to launch an online trading platform, said a top official here Friday.

One of India's premier demutualised stock exchanges, DSE will become operational soon and trading is expected to commence by Diwali festival as part of a revival strategy, said DSE executive director H.S. Sidhu.

The DSE's new deposit-based trading membership has received good response from brokers in the capital as well as cities like Lucknow, Varanasi, Moradabad, Amritsar, Chandigarh, Ludhiana, Agra, Jaipur, Kolkata, Ahmedabad, Indore and Nanded.

Well-known stock broking houses of the National Stock Exchange and the Bombay Stock Exchange are likely to participate, Sidhu said.

'We expect the membership numbers to cross the 150-figure mark by the launch date,' he said, and termed it as an indication of 'brokers' confidence in DSE'.

The stock exchange is also setting up a new online trading platform - Delhi Online Trading System - for case, derivatives and debt segments.