Ashishkumar Chauhan, the present chief of BSE, is likely to apply for the post of managing director and CEO at rival NSE.

Last week, the country’s largest stock exchange had invited applications for a new CEO. The term of current CEO Vikram Limaye ends on July 16. Limaye is not interested in pursuing a second term and, therefore, he will not participate in the process.

Listing out the eligibility criteria, the NSE notice stated that the candidate must have a track record of strengthening corporate governance, enterprise risk management and compliance management framework.

Candidates should have at least 25 years of experience or domain knowledge in various aspects of capital markets and minimum five years at the leadership level, preferably as CEO in the financial services sector.

Speculation is rife that Chauhan will apply for the job. Though he has not officially confirmed this, sources said the BSE CEO may apply for the post.

Chauhan has worked at the NSE between 1992 and 2000 where he set up the country’s first fully automated screen based trading system and first commercial satellite communications network.