Stock exchanges of India
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Transcript of Stock exchanges of India
Stock Exchanges In India
What is Stock Exchange?
Stock exchange is that place where trading of
share is done in terms of sale and purchase
Classification
Stock Exchange
NSE BSE MCX OTCEI
Bombay Stock Exchange
• The oldest stock exchange in Asia• Established as “The Native Share &Stock Broker
Association” in 1875• Over the past 135 years, BSE has facilitated the growth
of the Indian Corporate Sector by providing it with an efficient capital raising platform
• The equity market capitalization of the companies listed on the BSE was US $ 1.63 trillion as of Dec. 2010
• BSE has the largest number of listed companies in the world
BSE Turnover (Quarter Wise)
2009 Sep to Dec
2010 Jan to Apr
2010 May to Aug
2010 Sep to Dec
2011 Jan to Feb
050000
100000150000200000250000300000350000400000450000500000
Turnover - Rs. Crore
Turn
over
BSE Average Daily Turnover (Quarter Wise)
2009 Sep to Dec
2010 Jan to Apr
2010 May to Aug
2010 Sep to Dec
2011 Jan to Feb
0
5000
10000
15000
20000
25000
Turnover - Rs. Crore
Turn
over
• BOLT:- open outcry system with the BSE online trading facility in 1995. capacity of the BOLT platform stands presently enhanced to 80 Lakh orders per day.
• BSEwebx.co.in :- introduced the first centralized exchange based internet trading system.
• Bseindia.com:- one of the most popular financial website in India and regularly visited by financial organization or stakeholders for updates
Technology
Continued.....
• Others systems: Derivative Trading & Settlement System (DTSS) Electronic Contracts Notes(ECN) Unique Client Code Registration (UCC) etc. Real Time Data Dissemination System Integrated Back Office System – CDB/IDB Book Building System(BBS) Reserve Book Building System(RBBS) Debt Market Director Database
National Stock Exchange (NSE)
• NSE was set up by leading institutions to provide a modern, fully automated screen based trading system.
• Promoted by leading financial institutions at the behest of the Government of India.
• Incorporated in Nov. 1992 as a tax paying company.• Today NSE, network stretches to more than 1500
locations in the country and support more than 2,30,000 terminals.
• Market Capitalization went up to Rs. 6,009,173 crore at the end of march.
Technology
• NSE set up a separate company, NSE InfoTech Service Ltd. Which provide a platform for taking up all IT related assignments of NSE.
• NEAT is a state –of -the –art client server based application.
• NSE is one of the largest interactive VSAT based stock exchange in the world.
• NSE today allows members to provide internet trading facility to their clients through the use of NOW (NSE on Web) a shared web infrastructure.
Products
Equity Corporate Debt
Central & State Govt. Securities
T -BillsCommercial Papers
Certificate of Deposits Warrants Mutual
Funds Units
Exchange traded Funds
Derivatives
Market Segment
Wholesale Debt Market Segment
• Provide the trading of wide range of debt securities
Capital Market Segment • Offers a fully automated screen based trading system known as National
Exchange Automated Trading System
Future & Option Segment
• Provides trading in derivative instruments
Currency Derivative Segment
• Provides trading in US Dollar –Indian Rupees (USD – INR )
Total Trading Volume
2006-07 2007-08 2008-09 2009-100
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
Series 1
Turn
over
in C
rore
Market Capitalization
Jan-07 Jan-08 Jan-09 Jan-100
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
Rs. Crore
Turn
over
in C
rore
Figures as on 31st March 2010
Listed Companies 1470
Trading Members 1297
VSATs 2527
Participants
FIs Corporate
Primary Dealers
Banks Foreign Banks
Over The Counter Exchange Of India (OTCEI)
• Incorporated in 1990, setup to aid enterprising promoters in raising finance for new projects.
• To provide investors with a transparent efficient mode of trading.
• OTCEI introduced a screen based nation wide trading.
• OTCEI net profit is 17.81 lacs• Its increases total turnover is Rs.1627 crore to 1678
crore
Technology
• The first Indian stock exchange to introduce nationwide computerized screen based trading.
• State –of –the –art, STRATUS fault tolerant computer server
• Trading software modeled on TCAM Software
• Network of Members / Dealers Spread over more than 50 cities
• Connectivity through combination of satellite (VSAT) & Terrestrial (Lease Line/ Dial up) modes
Participants
• Members and dealers appointed by OTCEI • Companies whose securities are listed • Investors who trade in the OTCEI• Registrar who Keeps custody of scrip certification• Settlement bank which clear the payment between
counters• SEBI & government who supervise and regulate
the working
Multi Commodity Exchange of India Ltd. (MCX)
• MCX state –of –the –art electronic commodity future exchange
• To facilitate online trading and clearing & settlement operations for commodity futures across the country.
• Demutualised exchange setup by financial technologies India Ltd.(FTIC)
• MCX hold’s market share of over 80% of the Indian commodity future market
• MCX is the world largest exchange in Silver, second largest in Gold, Copper and Natural Gas, and third largest in Crude Oil Futures
Products
Bullions Metals Energy
Oil & Oil Seeds Plantations Weather
Cereals Fiber Pulses & Others
Technology
The exchanges technology framework is designed to provide high availability for all critical components, which guarantees continuous availability of Trading facility.
• MPLS – Multi Protocol Label Switching• ISDN – Integrated Service Digital Network• CTCL – Computer To Computer Link
Turnover Yearly Wise
2006 - 07 2007 -08 2008 -09 0
500000100000015000002000000250000030000003500000400000045000005000000
Rs. Crore
Axis Title
Turnover Monthly Wise
Apr-09 May-09 Jun-090
100000
200000
300000
400000
500000
600000
Rs. Crore
Axis Title
United Stock Exchange
• Incorporated on 21st September 2010.• India's newest stock exchange, marks the beginning of a new
chapter in the development of Indian financial markets.• USE’s strong bank promoter base allows a build –up of a
highly liquid market place for these products.• Provides the necessary expertise to reach out to Indian
business and individuals, educate them on the benefits of these markets.
• USE also boasts of Bombay Stock Exchange, as a strategic partner.
USE – India’s Newest Stock Exchange
Liquidity
Technology
Trust
Unique public private partners ship of banks with equity
investments by both PSUs and private sectors
27 Banks, 3 Trading Companies and India’s oldest exchange BSE as consortium
members
Unparallel experience in exchange technology, clearing
and settlement and trading
Technology
Fas TradeTM Fas TradeTM is a revolutionary front and
trading software that allows users to trade on USE directly through a browsers.
To provide a highly secure, yet fast and robust trading experience to every USE trading member
Products
Currency Future US Dollar - Rupee Currency Future
Contracts Euro – Rupee Currency Future Contracts Yen – Rupee Currency Futures Contract Currency Options US Dollar - Rupee Currency Options
Contracts