1. Bombay Stock Exchange BSE
blogspot.com//search?q=what-is-stock-exchange-its-definitions">stock exchange inward Republic of Republic of India besides every bit inward Asia. It was established inward 1887 amongst the formation of "The Native Share in addition to Stock Brokers' Association". BSE is a real active stock telephone commutation amongst highest release of listed securities inward India. Nearly 70% to 80% of all transactions inward the Republic of Republic of India are done lone inward BSE. Companies traded on BSE were 3,049 yesteryear March, 2006. BSE is straightaway a national stock telephone commutation every bit the BSE has started allowing its members to set-up figurer terminals exterior the urban kernel of Bombay (former Bombay). It is the only stock telephone commutation inward Republic of Republic of India which is given permanent recognition yesteryear the government. At present, (Since 1980) BSE is located inward the "Phiroze Jeejeebhoy Towers" (28 storey building) located at Dalal Street, Fort, Mumbai. Pin code - 400021.
Image Credits © Vikram Walia.
In 2005, BSE was given the condition of a total fledged world express companionship along amongst a novel advert every bit "Bombay Stock Exchange Limited". The BSE has computerized its trading organization yesteryear introducing BOLT (Bombay On Line Trading) since March 1995. BSE is operating BOLT at 275 cities amongst five lakh (0.5 million) traders a day. Average daily turnover of BSE is close Rs. 200 crores.
2. National Stock Exchange NSE
Formation of National Stock Exchange of Republic of Republic of India Limited (blogspot.com//search?q=what-is-stock-exchange-its-definitions">capital market. The remove was felt yesteryear the manufacture in addition to investing community since 1991. The NSE is piece of cake becoming the leading stock telephone commutation inward damage of technology, systems in addition to practices inward due course of report of time. NSE is the largest in addition to merely about modern stock telephone commutation inward India. In addition, it is the 3rd largest telephone commutation inward the footing adjacent to 2 exchanges operating inward the USA.
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The NSE boasts of covert based trading system. In the NSE, the available organization provides consummate marketplace position transparency of trading operations to both trading members in addition to the participates in addition to finds a suitable match. The NSE does non remove hold trading floors every bit inward conventional stock exchanges. The trading is exclusively covert based amongst automated club machine. The covert provides entire marketplace position data at the press of a button. At the same time, the organization provides for concealment of the position of marketplace position operations. The covert gives all data which is dynamically updated. As the marketplace position participants sit down inward their ain offices, they remove hold all the advantages of dorsum purpose support, in addition to facility to brand it comport upon amongst their constituents.
- Wholesale debt marketplace position segment,
- Capital marketplace position segment, and
- Futures & options trading.
3. Over The Counter Exchange of Republic of Republic of India OTCEI
The OTCEI was incorporated inward October, 1990 every bit a Company nether the Companies Act 1956. It became fully operational inward 1992 amongst opening of a counter at Mumbai. It is recognised yesteryear the Government of Republic of Republic of India every bit a recognised stock telephone commutation nether the Securities Control in addition to Regulation Act 1956. It was promoted jointly yesteryear the fiscal institutions similar UTI, ICICI, IDBI, LIC, GIC, SBI, IFCI, etc.
Image Credits © Siddhartha Shukla.
The Features of OTCEI are :-
- OTCEI is a floorless telephone commutation where all the activities are fully computerised.
- Its promoters remove hold been designated every bit sponsor members in addition to they lone are entitled to sponsor a companionship for listing there.
- Trading on the OTCEI takes house through a network of computers or OTC dealers located at unlike places inside the same urban kernel in addition to fifty-fifty across the cities. These computers let dealers to quote, inquiry & transact through a primal OTC figurer using the telecommunications links.
- A Company which is listed on whatsoever other recognised stock telephone commutation inward Republic of Republic of India is non permitted simultaneously for listing on OTCEI.
- OTCEI deals inward equity shares, preference shares, bonds, debentures in addition to warrants.
- The Participants of OTCEI are :-
- Members in addition to dealers appointed yesteryear OTCEI,
- Companies whose securities are listed,
- Investors who merchandise inward the OTCEI,
- Registrar who keeps custody of scrip certificates,
- Settlement Bank which clears the payment betwixt counters, and
- SEBI in addition to Government who supervise in addition to regulate the working.
This was a brief outline of the diverse Stock Exchanges inward India.
