Professional Documents
Culture Documents
Bse and Nse
Bse and Nse
Chellakannan.k.p
BSE
Bombay Stock Exchange is the
oldest stock exchange in Asia
What is now popularly known as
the BSE was established as "The
Native Share & Stock Brokers'
Association" in 1875.
world's number 1 exchange in the
world in terms of the number of
listed companies (over 4900)
It was recognised on a permanent
basis on 1957.
OBJECTIVES
TRADING SYSTEM
In March 1995, the BSE introduced
screen based trading called BOLT.
BOLT is designed to get best bids and
offers from Jobbers’ book as well as the
best buy and sell orders from order book
The capacity of the Tandem hardware
of BOLT is 5,00,000 trades per day (in 6
hours).
BOLT is now a nation wide network
connected with the main computer at
Mumbai through WAN.
SURVEILLANCE SYSTEM
1. Circuit Filters
2. Margin
a. Special Margin
b. Concentration Margin
c. Additional Volatility Margin
d. Ad-hoc Margin
PROTECTION AGAINST
DEFAULT
Customer’s Protection fund.
Trade Guarantee fund.
Brokers’ contingency fund.
Insurance cover.
Investors’ grievances.
NSE
Lack of transparency.