Coimbatore Stock Exchange

Last updated

Coimbatore Stock Exchange Limited, (CSE) is a defunct stock exchange in Coimbatore, India. It was granted recognition as a stock exchange by the Securities and Exchange Board of India (SEBI) in 1991. [1]

In 1999, the exchange had refrained from restraining its members from furnishing unlimited personal guarantee to other exchanges. [2]

The Exchange had failed to renew its licence with the SEBI in 2006, and in 2009, it made a formal request to the board to exit the trading business in 2009. [1]

Prior to it becoming defunct, 170 companies were listed on the exchange. [3] The exchange became dormant in the early 2000s due to the advent of online trading on larger stock exchanges. [4]

See also

Related Research Articles

Securities and Exchange Board of India Regulatory body for securities in India

The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership 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.

National Stock Exchange of India Stock exchange in Mumbai

National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. It is world’s largest derivatives exchange in 2021 by number of contracts traded based on the statistics maintained by Futures Industry Association (FIA), a derivatives trade body. NSE is ranked 4th in the world in cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for the calendar year 2021. It is under the ownership of some leading financial institutions, banks, and insurance companies. 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 that offered easy trading facilities to investors spread across the length and breadth of the country. Vikram Limaye is the Managing Director and 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 285brokers, 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 of India

Inter-connected Stock Exchange Ltd. (ISE) is an Indian national-level government owned stock exchange, providing trading, clearing, settlement, risk management and surveillance support to its trading members. It is under the ownership of Ministry of Finance, Government of India. 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

The Calcutta Stock Exchange (CSE), located at the Lyons Range, Kolkata, India, is the oldest government owned stock exchange in Asia. It was founded on 1 December 1863 by sixteen of Calcutta's leading stockbrokers, beginning its work in rented premises at 11 Strand Road. It was reconstituted in its current form 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 sub judice before the Calcutta High Court; thirteen other regional stock exchanges have closed in the last three years under SEBI's exit policy, including thr Bangalore Stock Exchange, the Hyderabad Stock Exchange and the Madras Stock Exchange. Since 2013, there has been no trading on the CSE trading platform.

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.

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.

Ahmedabad Stock Exchange

The Ahmedabad Stock Exchange (ASE) is the second oldest exchange of India located in the city of Ahmedabad in the Western part of the country and is fully owned by Government of India. It is recognised by Securities Contract (Regulations) Act, 1956 as permanent stock exchange. Its logo consists of the Swastika which is one of the most auspicious symbols of Hinduism depicting wealth and prosperity.

Bhubaneswar Stock Exchange

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

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.

Vadodara Stock Exchange (VSE) is a defunct stock exchange located in the city of Vadodara and fully owned by Government of India in Western India. It was established in 1990 at Vadodara. It is the only existing stock exchange in the state of Gujarat along with Ahmedabad. It is recognized by the Securities Contract (Regulations) Act of 1956 as a permanent stock exchange.

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.

Pune Stock Exchange (PSE) was established in 1982. The Securities and Exchange Board of India (SEBI) allowed the exchange to exit bourse business with an order on 13 April 2015. Earlier, the SEBI had allowed various stock exchanges including OTC Exchange of India, Cochin Stock Exchange, Ludhiana Stock Exchange, Gauhati Stock Exchange, Bhubaneswar Stock Exchange, Hyderabad Stock Exchange, Coimbatore Stock Exchange, Inter-connected Stock Exchange of India and Bangalore Stock Exchange to exit from the bourse business.

The OTC Exchange Of India (OTCEI), also known as the Over-the-Counter Exchange of India, was based in Mumbai, Maharashtra. It is under the ownership of Ministry of Finance, Government of India. It is India's first exchange for small companies, as well as the first screen-based nationwide stock exchange in India. OTCEI was set up to access high-technology enterprising promoters in raising finance for new product development in a cost-effective manner and to provide a transparent and efficient trading system to investors.

Religare Enterprises Limited (REL) is the holding company for one of India's leading diversified financial services groups, headquartered in New Delhi, India. It offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to Small and Medium Enterprises (SME)'s, affordable housing finance, as well as retail broking and health insurance. REL is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.

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.

Angel One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited. It is a depository participant with Central Depository Services Limited (CDSL). The company has more than 8500 sub-brokers and franchisee outlets in more than 900 cities across India.

References

  1. 1 2 "SEBI allows exit of Coimbatore Stock Exchange as bourse". The Hindu. 4 April 2013. Retrieved 3 February 2014.
  2. "Coimbatore SE members allowed to furnish personal guarantee". Coimbatore. The Indian Express. 20 June 1997. Archived from the original on 21 February 2014. Retrieved 3 February 2014.
  3. Vijaykumar, Arun (30 March 2018). "Sebi seeks more time to mull battleground Coimbatore stock exchange's future". Pune. Economic Times. Retrieved 3 February 2014.
  4. R Y, Narayanan (5 January 2005). "Hopes on revival of Coimbatore bourse". Coimbatore. The Hindu . Retrieved 3 February 2014.