People deals with several goods and services every day, whether, in order to survive or for the growth of the business. And thus, there is always a market where one deals with such goods and services. Like any other market, there is a market which provides services to stock brokers and traders. The services include trading in stocks, bonds various other securities. Thus, the market which provides these kinds of services is known as STOCK EXCHNGE. Apart from the services mentioned above, there are other types of services which is also provided by stock exchange such as issue of securities, redemption of securities, payment of income, payment of dividends etc.
One can only trade in a stock exchange if the same is registered with the stock exchange.
Types of stock exchange in India
There is no one stock exchange in India; rather the list is quite lengthy. Thus, some of the various kinds of stock exchange in India are Bombay stock exchange, National stock exchange, united stock exchange of India, Delhi stock exchange, Bangalore stock exchange, UP stock exchange etc.
Bombay Stock Exchange
Bombay Stock Exchange is also known as BSE. It is one of the oldest stock exchanges that existed in whole of Asia. It was established 135 years ago in year 1875 under the name of “The Native Share & Stock Brokers”. It is a podium where various and number of transactions that takes place daily and has provided tremendous growth to various sectors such as corporate sector.
In order to trade in Bombay Stock exchange one needs to be listed with the Bombay Stock Exchange. As per the records, there are about 4900 companies which are listed with the Bombay Stock Exchange and thus making it supreme through the world in terms of the companies that are listed with any stock exchange. The trading that place in the Bombay stock exchange is not only manual but there is a facility of electronic transaction that can be made in the BSE. If ranked on the terms of the electronic transaction that takes place daily in the Bombay Stock exchange, than the BSE become the fifth largest stock exchange in the world.
When a stock exchange obtains an ISO 9001:2000 certificate, it is regarded as the distinctive asset of that stock exchange. The Bombay Stock Exchange had all the capabilities to acquire that certificate and thus it had become the second most stock exchanges in the world to obtain the certificate. By obtaining the certificate it had become the India first stock exchange to obtain the same.
The Stock exchange also had the facility of BOLT, which is known as BSE Online Trading System. For this system, the stock exchange has received the Information Security Management System Standard BS 7799-2-2002 Certificate and thus making it Second in the world to obtain the same, and it had also become the first stock exchange to obtain the certificate, thus making it a supreme stock exchange amongst all.
BSE Index
SENSEX is the Index on which the BSE works. It is the most distinctive and important bench mark index in India.
Contribution of Bombay stock Exchange
Though every Stock Exchange in the world has its own distinctive features, but the Bombay stock Exchange has contributed under various heads thus making it important. The various contributions that are made by the Bombay Stock Exchange are:
- It has developed its In house technology by purchasing marketplace technology in 2009;
- It had purchased fifteen percentage of stick in the United Stock exchange. The purchase has helped in the enhancement of the currency and the imitative markets for the interest rates;
- BSE Sensex Mobile Streamer was launched by the Stock exchange;
- It has launched its websites in Gujarati, Hindi, Marathi;
- The stock exchange is providing enough support in the field of education, environment by taking the Corporate social Responsibility;
- The exchange has also launched IPO and PSU websites.
Thus, these are some of the contributions which are made by the Bombay Stock exchange. Though the contribution made by every stock exchange is a contribution which can be never be replaced, but the contribution made by the Bombay stock Exchange is something which the world will remember for the time to come.
Where is the facebook like button ?