Bombay Stock Exchange
BSE(Bombay Stock Exchange) A very common term for all traders in the stock market, BSE, The oldest market in Asia. It was established as "The Native Share & Stock Brokers' Association" in 187 .and became the first stock exchange in the country to be recognized by the government. Over the past 135 years, BSE has facilitated the growth of the Indian corporate sector by providing it with an efficient capital raising platform. Today, BSE is the world's number one exchange in the world in terms of the number of listed companies, approximately 5000 .
indian capital market
BSE is rewarded as world's fifth most active in terms of number of transactions handled through its electronic trading system. And also BSE is in the top ten of global exchanges in terms of the market capitalization of its listed companies .BSE is the first exchange in India and the 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 BSE On-Line trading System (BOLT).Previously BSE was an Association of Persons(AOP), but now it is a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI).
History
The Bombay Stock Exchange is known as the oldest exchange in Asia since 1850. when 4 Gujarati and 1 Parsi stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'.The Bombay Stock Exchange developed the BSE Sensex in 1986, giving the BSE a means to measure overall performance of the exchange. In 2000 the BSE used this index to open its derivatives market, trading Sensex futures contracts. The development of Sensex options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform. Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system in 1995.
It took the exchange only fifty days to make this transition. This automated, screen-based trading platform called BSE On-line trading (BOLT) currently has a capacity of 80 lakh orders per day. The BSE has also introduced the world's first centralized exchange-based internet trading system, BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE platform. Most mutual funds' investment portfolios are continually monitored by one or more employees within the sponsoring investment adviser or management company, typically called a portfolio manager and their assistants, who invest the funds assets in accordance with its investment objective and trade securities in relation to any net inflows or outflows of investor capital (if applicable), as well as the ongoing performance of investments appropriate for the fund. A mutual fund is advised by the investment adviser under an advisory contract which generally is subject to renewal annually.
Mission & Management
The Premier mission of Bombay Stock Exchange is to emerge as a top most Indian stock exchange by establishing global Bench. BSE is manged by board of directors of eminent and well qualified professionals, representatives of Trading members and the managing Director. The Board is an inclusive one and is shaped to benefit from the market intermediaries participation board have the control and power to formulate and manage policy issues. The BSE's managing Director and its professionals is handling the day to day operations of BSE.
BSE Network
Exchange reaches physically to 417 cities and towns in the country. The framework of it has been designed to safeguard market integrity and to operate with transparency. It provides an efficient market for the trading in equity, debt instruments and derivatives. Its online trading system, poularly known as BOLT, is a proprietory system and it is BS 7799-2-2002 certified. The BOLT network was expanded, nationwide, in 1997. The surveillance and clearing & settlement functions of the Exchange are ISO 9001:2000 certified.
BSE Facts
* First in India to introduce Equity Derivatives
* First in India to launch a Free Float Index
* First in India to launch US$ version of BSE Sensex
* First in India to launch Exchange Enabled Internet Trading Platform
* First in India to obtain ISO certification for Surveillance, Clearing & Settlement
* BSE On-Line Trading System (BOLT) has been awarded the globally recognised the Information Security Management System standard BS77