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The Securities and Exchange Board of India (SEBI) is the regulator of the securities and commodity market in India under the jurisdiction of Ministry of Finance, Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.
BSE Limited, formerly known as the Bombay Stock Exchange is an Indian government owned stock exchange located on Dalal Street in Mumbai. Established in 1875, it is Asia's oldest stock exchange. The BSE is the world's 7th largest stock exchange with an overall market capitalization of more than US$2.8 trillion on as of February 2021.
National Stock Exchange of India Limited (NSE) is the leading government owned stock exchange of India, located in Mumbai, Maharashtra. NSE was established in 1992 as the first dematerialized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facilities to investors spread across the length and breadth of the country. Vikram Limaye is Managing Director & Chief Executive Officer of NSE.
The Madras Stock Exchange (MSE) was a stock exchange in Chennai, India. The now defunct MSE was the fourth stock exchange to be established in the country and the first in South India. It had a turnover (2001) of ₹ 3,090 crore, but was a fraction of the turnover generated by the Bombay Stock Exchange and National Stock Exchange of India. The turnover of the stock exchange was 19,907 Crore as of the financial year 2012.
Ludhiana Stock Exchange (LSE) is a defunct stock exchange that was fully owned by Government of India. It was established in the year 1983. By 1999-2000, the exchange had a total of 284 brokers, out of which 79 were corporate brokers. Among 284 brokers, it was further classified as 212 proprietor broker, 2 partnership broker and 70 corporate broker. Then, there was only 2 sub-brokers registered.
Inter-connected Stock Exchange Ltd. (ISE) is an Indian national-level stock exchange, providing trading, clearing, settlement, risk management and surveillance support to its trading members. It started its operation in 1998 in Vashi, Mumbai, and has 841 trading members, who are located in 18 cities. These intermediaries are administratively supported through the regional offices at Delhi, Kolkata, Patna, Ahmedabad, Coimbatore and Nagpur, besides Mumbai.
Bangalore Stock Exchange (BgSE), was a public stock exchange based in Bangalore, India fully owned by Government of India. It was founded in 1963 and had 595 regional and non-regional companies listed. In September 2005, the BgSE announced plans to go public by divesting at least 51% of its ownership. The stock exchange was managed by a Council of Management, consisting of members appointed by the Securities and Exchange Board of India. It was the first stock exchange in South India to start electronic trading of securities in 1996.
Calcutta Stock Exchange (CSE) located at the Lyons Range, Kolkata, India, is the second oldest Indian government owned stock exchange in South Asia. It was incorporated in 1908 and is the second largest bourse in India. The Calcutta Stock Exchange has been asked to exit by SEBI but the matter is subjudice before Calcutta High Court while other 13 regional stock exchanges have closed in the last three years under the exit policy of SEBI, including Bangalore Stock Exchange, Hyderabad Stock Exchange and Madras Stock Exchange
Cochin Stock Exchange was an Indian stock exchange in Kochi, Kerala fully owned by Government of India. It was incorporated in 1978. At its peak, it had almost 500 Indian companies listed, and with a daily turnover of ₹70–₹100 crore, it was the fourth largest exchange in India. The exchange stopped trading in 2005, and closed in 2014.
Madhya Pradesh Stock Exchange (MPSE) was a stock exchange located at Indore, Madhya Pradesh, India. It was a SEBI recognized Permanent Stock Exchange, until its de-recognition in 2015. Established in 1919, it was 3rd oldest stock exchange in India, and a leading stock exchange under outcry system.
Hyderabad Stock Exchange (HSE) was a stock exchange established in 1941 located in Hyderabad, India. The exchange was disbanded in 2007 by SEBI and since January 2013, HSE was conditionally permitted to function as regular broking or corporate entity.
Bhubaneswar Stock Exchange (BhSE) is a defunct stock exchange located in Bhubaneswar, Odisha, India. It was incorporated on 17 April 1989, and granted recognition to the Stock Exchange on 5 June 1989, by the Ministry of Finance, Govt. of India. It is one among the 21 odd regional stock exchanges in India.
Delhi Stock Exchange (DSE) is a defunct stock exchange located in New Delhi.
Guwahati Stock Exchange (GSE) is a defunct stock exchange located in Gauhati, Assam.
Saurashtra Kutch Stock Exchange Limited, popularly called Stock Exchange, or SKSE) is one of three stock exchange in Gujarat. It is located at Sadar Bazaar, Rajkot, India. Saurashtra Kutch Stock Exchange Ltd was incorporated in the month of July 1989 and got recognition from the Government of India. The recognition have been renewed from time to time by the Central Government and SEBI.
List of Indian stock exchange may refer to one of the 9 official operating stock and commodity exchanges by SEBI or the numerous defunct ones.
Ashishkumar Chauhan is an Indian business executive and administrator. He is the current managing director and chief executive officer of the Bombay Stock Exchange (BSE). He also serves as the member of Governing council of one of the premier B school in India - IIM Raipur. Ashish is best known as the father of modern financial derivatives in India, and is considered as one of the foremost experts in financial market policies, Information technology, organized retail, telecommunications and Indian social issues.
Chitra Ramkrishna was the first woman managing director and chief executive officer of the National Stock Exchange (NSE), an institution founded in the early 1990s to reform the capital market in India, and now ranking as the world's largest exchange in cash market trades and as one of the top three exchanges in index and stock derivatives.
The Metropolitan Stock Exchange is one of India's nine stock exchanges recognised by the Securities and Exchange Board of India (SEBI) and fully owned by Government of India. The Exchange was notified of a "recognized stock exchange" under Section 2(39) of the Companies Act, 1956 by the Ministry of Corporate Affairs, Govt. of India, on December 21, 2012. The exchange’s shareholders are some of India’s top public sector banks, private sector banks, and domestic financial institutions.
The NSE co-location scam relates to the market manipulation at the National Stock Exchange of India, India's leading stock exchange. Allegedly select players obtained market price information ahead of the rest of the market, enabling them to front run the rest of the market, possibly breaching the NSE's purpose of demutualisation exchange governance and its robust transparency-based mechanism. The alleged connivance of insiders by rigging NSE's algo-trading and use of co-location servers ensured substantial profits to a set of brokers. This multi-dollar, widespread market fraud came to light when markets' regulator, the Securities and Exchange Board of India (SEBI), received the first anonymous complaint through a whistle-blower's letter in January 2015. The whistle-blower alleged that trading members were able to capitalise on advance knowledge by colluding with some exchange officials. The overall default amount through NSE's high-frequency trading (HFT) is estimated to be ₹500 billion over five years.
References
- ↑ "History of stock exchanges, Introduction, Calcutta Stock Exchange, Delhi Stock Exchange, India". Appuonline.com. 31 December 1946. Archived from the original on 14 June 2009. Retrieved 15 June 2012.
- ↑ "Archived copy". Archived from the original on 21 September 2010. Retrieved 27 September 2013.CS1 maint: archived copy as title (link)
- ↑ "Securities and Exchange Board of India - Print Page". Sebi.gov.in. Retrieved 18 September 2016.
- ↑ "Magadh stock exchange begins trading on NSE". Financialexpress.com. 18 August 2000. Archived from the original on 7 February 2011. Retrieved 15 June 2012.