BOMBAY STOCK EXCHANGE
(BSE)
BSE limited (formerly known as Bombay Stock Exchange limited ) was established in 1875 and Asia's first Stock Exchange. It was granted permanent recognition under the securities contract act 1956. It has contributed to the growth of the corporate sector by providing a platform for raising capital. It is know as BSE limited but was established as the native sale stockbroker association in 1875. Even before the actual legislation where enacted, BSc limited already had a set of rule and regulation to Israel and already growth of the securities market. As discussed earlier, Stock Exchange can we set up a corporate entity with different individual (who are note brokers) as member or shareholders. BSE each one such exchange setup shareholder base. It has the following objective:
- to provide an efficient and transparent market for trading in equity, debt instrument, derivative, and mutual fund.
- To provide a trading platform for equities of small and medium enterprises.
- To ensure active trading and save ground market integrity through an electronically drive in exchange.
- To provide other service two capital market participant, like risk management Omar clearing, settlement, market data, and education.
- To confirm do international standards.
Beside having a nationwide presence, BSE has a global reach with customers around the world. It has stimulated innovation and competition across all market segments. It has established a capital market institutes, called the BSE institute limited which provide education on financial market and vocational training to a number of people seeking employment with stockbrokers. The exchange has about 5000 companies listed from all over the country and outside, and has the largest market capitalization in India.
0 Comments