Bombay Stock Exchange - BSE

Introduction

Established in 1875, BSE (formerly known as Bombay Stock Exchange Ltd.), is Asia's first & the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's leading exchange groups. Over the past 141 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient Capital-raising platform. Popularly known as BSE, the bourse was established as "The Native Share & Stock Brokers' Association" in 1875. Today BSE provides an efficient and transparent Market for trading in equity, currencies, debt instruments, derivatives, Mutual Funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). India INX, India's 1st international exchange, located at GIFT CITY IFSC in Ahmedabad is a fully owned subsidiary of BSE. BSE is also the 1st listed stock exchange of India.

BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. BSE is the first exchange in India and second in the world to obtain an ISO 9001:2000 certification. It is also the first Exchange in the country and second in the world to receive Information Security Management System Standard BS 7799-2-2002 certification for its On-Line trading System (BOLT). It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides Depository services through its central depository Services Ltd. (CDSL) arm.

BSE's popular equity index - the S&P BSE Sensex - is India's most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa).

Vision

"Emerge as the premier Indian stock exchange with best-in-class global practice in technology, products innovation and customer service."

Heritage

BSE Ltd, the first ever stock exchange in Asia established in 1875 and the first in the country to be granted permanent recognition under the Securities Contract Regulation Act, 1956, has had an interesting rise to prominence over the past 140 years.

While BSE Ltd is now synonymous with Dalal Street, it was not always so. The first venue of the earliest stock broker meetings in the 1850s was in rather natural environs - under banyan trees - in front of the Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their venue to another set of foliage, this time under banyan trees at the junction of Meadows Street and what is now called Mahatma Gandhi Road. As the number of brokers increased, they had to shift from place to place, but they always overflowed to the streets. At last, in 1874, the brokers found a permanent place, and one that they could, quite literally, Call their own. The new place was, aptly, called Dalal Street (Brokers' Street).

The journey of BSE Ltd. is as eventful and interesting as the history of India's securities market. In fact, as India's biggest bourse in terms of listed companies and market capitalisation, almost every leading corporate in India has sourced BSE Ltd. services in raising capital and is listed with BSE Ltd.

Even in terms of an orderly growth, much before the actual legislations were enacted, BSE Ltd. had formulated a comprehensive set of Rules and Regulations for the securities market. It had also laid down best practices which were adopted subsequently by 23 stock exchanges which were set up after India gained its independence.

BSE Ltd., as a institutional brand, has been and is synonymous with the capital market in India. Its S&P BSE SENSEX is the benchmark equity index that reflects the health of the Indian Economy.

Products

Equity & Equity Linked Products

1. Cash Market (Equities)
2. Indices
3. Mutual Funds
4. Exchange Traded Fund
5. Initial Public Offerings
6. Offer for Sale
7. Institutional Placement Program
8. Security Lending and Borrowing Scheme
9. Sovereign Gold Bonds Scheme
10. Derivatives

Equity Derivatives

1. Debt

Debt Market

1. Corporate Bonds

Associate Companies

1. BSE Institute Ltd
2. CDSL
3. ICCL
4. India INX
5. India ICC
6. Marketplace Technologies

Advisory Committee

Mr. Shri. Sethurathnam Ravi is Chairman or the committee with 14 other members in it. last meeting of was on 27th March 2018.

Board of Directors

• Shri S. Ravi is Chairman of Board.
• Shri Ashishkumar Chauhan is Managing Director & CEO

Corporate Office

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001.

Phones : 91-22-22721233/4, 91-22-66545695 (Hunting).

Fax : 91-22-22721919.

CIN: L67120MH2005PLC155188.

Other Major International Stock Exchanges

Some of the major international stock exchange include:

Nasdaq

The Nasdaq was the world's first electronic exchange. It is a global electronic marketplace for buying and trading securities. Headquartered in New York, Nasdaq operates 25 markets, five central securities depositories in the US & Europe, and one clearing house. Some of the primary tradings are equities, fixed Income, options, derivatives and commodities.

Most of the world's technology giants such as Facebook, Apple, Amazon, Google, etc., are listed on the Nasdaq.

As per the America/New York time, the normal trading hours start at 9.30 A.M. and ends at 4 P.M.

New York Stock Exchange (NYSE)

Based on the total market capitalization of its listed assets, the NYSE is the largest stock exchange in the world. It is located in the New York City, and is nicknamed as ''The Big Board". The NYSE is owned by Intercontinental Exchange, which is an American holding company. Previously, it was part of NYSE Euronext, which was formed by the NYSE's 2007 merger with Euronext.

New York Stock Exchange is open for trading Monday through Friday from 9:30 AM to 4:00 PM ET.

Japan Exchange Group

After NYSE and NASDAQ, the Japan Exchange Group is the world's third largest exchange. It is created through the merger of Tokyo Stock Exchange Group, Inc and Osaka Securities Exchange Co., Ltd. The exchange is a marketplace for the trading of futures, options and equities.

Japan Exchange Group normal Trading sessions are from 9:00 A.M. to 11:30 A.M. and from 12:30 P.M. to 3:00 P.M. on all days of the week (Monday to Friday). Holidays declared by the exchange in advance.

London Stock Exchange (LSE)

Founded in 1571, the London Stock Exchange (LSE) is one of the oldest stock exchanges in the world. It is the primary U.K. stock exchange and is the largest in Europe. Additionally, LSE was first called the Stock Exchange of Great Britain and Ireland. LSE runs several markets for listing and giving an opportunity for different sized companies to list.

LSE opens at 8 A.M. and closes at 4:30 P.M. local time.

Other major international stock exchanges include the Shanghai Stock Exchange, Hong Kong Stock Exchange, etc.