Bombay Stock Exchange
The Bombay Stock Exchange,(BSE) established in 1875, is the oldest stock exchange in Asia.and BSE is the first stock exchange in India to be granted permanent recognition under the Securities Contract Regulation Act, 1956. The Bombay Stock Exchange Limited (BSE) has grown into prominence during its 133 years of existence. From the natural environs of banyan trees in front of Town Hall, Horniman Circle to Dalal Street to Jeejeebhoy Towers, BSE has a long chequered history.During the last 15 years, the Bombay Stock Exchange witnessed dramatic changes and in 2002, the name "The Stock Exchange, Mumbai" was changed to Bombay Stock Exchange. More importantly on August 19, 2005, the exchange became a corporate entity from an Association of Persons (AoP) and aptly renamed as Bombay Stock Exchange Limited.(BSE)
BSE was the first exchange in the country to introduce securities trading in India. The totally automated trading through the BSE Online Trading (BOLD) system replaced the old and outmoded outcry system in 1995. Gradually the BOLT system network was expanded nationwide in the year 1997, just 2 years after introducing the BOLT system in Bombay.
Eventful and interesting history apart, , India’s biggest stock exchange by way of market capitalization and listed companies. BSE has a prominent and pioneering role in the development of Indian securities market. Almost all listed companies in India has raised capital through the Bombay Stock Exchange Hence Corporates and BSE services are inter related and any changes in one entity will have its immediate impact on the other.
. BSE had best laid doqwn practices which were later adopted by all 23 stock exchanges, which were set up after independence. Over the years the BSE has grown into a big brand, has been and the very name of BSE is synonymous with the capital market in India. More importantly, BSE ts SENSEX is the benchmark equity index which is recognized as reflecting the health of the Indian economy.
Over the years, the BSE has been recognized at par with the international standards, BSE has in fact been a pioneer in several fields and t has several firsts to its credit, including introduction of Equity Derivatives, launching of a Free Float Index, US$ version of BSE SENSEX, Exchange Enabled Internet Trading Platform and ISO certification for a stock exchange.
The Exchange’s On-Line Trading System’ (BOLT) has been awarded the globally recognized Information Security Management System standard (BS7799-2:2002), and first to have an exclusive facility for financial training. Besides BSE has launched its website in regional languages of Hindi and Gujarati. The first bell-ringing ceremony in the history of the Indian capital markets (listing ceremony of Bharti Televentures Ltd. on February 18,2002)
Investor Education
The BSE has introduced a nationwide investor awareness campaign, "Safe Investing in the Stock Market" - under which awareness campaigns and dissemination of information through print and electronic medium is undertaken across the country. BSE also actively promotes the securities market awareness campaign of the regulator, Securities and Exchange Board of India..For a look at the logo of Bombay Stock Exchange (BSE) Please Click here
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