The Bombay Stock Exchange or BSE is an Indian stock exchange based on Dalal Street, Mumbai. It was established in 1875 and was founded by Premchand Roychand, one of the most prominent businessmen of the 19th century. He was known as Big bull, Bullion King, or Cotton King. He was also the founder of the Stock Brokers Association, which was founded as the BSE and the Native Share Association.
In 1995, BSE switched from open floor to electronic trading network. There are over a dozen automatic exchanges in the United States alone, with the New York Stock Exchange (NYSE) and Nasdaq being the most well established. Today, electronic systems dominate the financial industry as a whole, providing fewer bugs, faster execution, and more excellent performance than traditional open-outcry trading systems.
The BSE list of securities includes stocks, stock futures, stock options, index futures, index options, and weekly options. The overall performance of BSE is calculated by the index SENSEX of 30 of the most extensive stocks of Bombay Stock Exchange in 12 sectors.
The Bombay Stock Exchange or BSE is the oldest in Asia. On 31 August 1957, the Bombay Stock Exchange became the first stock exchange to be approved by the Government of India under the Securities Contracts Regulation Act.
In 1957 the Bombay Stock Exchange was licensed as an exchange under the Securities Contracts Act. The benchmark index Sensitive Index (SENSEX) was introduced in 1986. In 1995, Bombay Stock Exchange launched its full electronic trading network, BSE On-Line Trading System (BOLT). Which completely replaces the open outcry system.
In my opinion, some Great Features of Bombay Stock Exchange are given below:
- Established in 1875, BSE (formerly known as Bombay Stock Exchange Limited) is Asia’s first stock exchange.
- The Bombay Stock Exchange (BSE) is India’s first and largest securities market and was founded in 1875 as the Native Shares and Stock Brokers Association.
- Based in Mumbai, India, BSE is close to 6,000 companies and is one of the world’s largest exchanges with the New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange Group, Japan Exchange Group, and Shanghai Stock Exchange.
- BSE is the 10th largest stock exchange in the world, with a gross market capitalization of over $ 4.9 trillion as of April 2018.
- BSE has helped develop the country’s capital markets, including the retail debt market, and helped broaden the Indian corporate sector.
- The BSE list of securities includes stocks, stock futures, stock options, index futures, index options, and weekly options. The overall performance of BSE is calculated by the index SENSEX of 30 of the most extensive stocks of BSE in 12 sectors.
Conclusion: The BSE acts as a first-tier regulator in the securities market, offering supervision and monitoring systems capable of detecting fraud and manipulation of stock prices. The exchange also gives counter-party risk management for all transactions that take place on its trading platform through its clearing and settlement services.
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