In the past and even now, it plays a pivotal role in the development of the countrys capital market. This is recognised worldwide and its index, sensex, is also tracked worldwide. Earlier it was an Association of Persons, but now it is a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE Scheme, 2005 notified by the Securities and Exchange Board of India.
The vision of the BSE is to Emerge as the premier Indian stock exchange by establishing global benchmarks. It comprises of eminent professionals, representatives of Trading Members and the Managing Director. BSE is managed professionally by Board of Directors. The Board is an inclusive one and is shaped to benefit from the market intermediaries participation.
The BSE reaches physically to 417 cities and towns in the country. The framework of it has been designed to safeguard market integrity and to operate with transparency. BSE provides an efficient market for the trading in equity, debt instruments and derivatives. Its online trading system, popularly known as BOLT, is a proprietary system and it is BS 7799 2 2002 certified. The BSE network was expanded, nationwide, in 1997. The surveillance and clearing and settlement functions of the Exchange are ISO 9001 2000 certified.
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A very common name for all traders in the stock exchange market, BSE, stands for Bombay Stock Exchange. It is the oldest stock market not only in the country, but also in Asia. In the early days, BSE was known as The Native Share and Stock Brokers Association. It was established in the year 1875 and became the first stock exchange in the country to be recognised by the government. In 1956, BSE obtained a permanent recognition from the Government of India under the Securities Contracts Act, 1956.
A very common name for all traders in the stock exchange market, BSE, stands for Bombay Stock Exchange. It is the oldest stock market not only in the country, but also in Asia. In the early days, BSE was known as The Native Share and Stock Brokers Association. It was established in the year 1875 and became the first stock exchange in the country to be recognised by the government. In 1956, BSE obtained a permanent recognition from the Government of India under the Securities Contracts Act, 1956.
