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