Finance: Introduction to BSE

INTRODUCTION BSE (BOMBAY STOCK EXCHANGE)

· Tag line of BSE “The edge is efficiency”.

LOGO

History of BSE:

Bombay Stock Exchange (BSE) is an oldest stock exchange in Asia. It was started in 1875 as “The Negative Share and Stock Brokers Association”. There is a story behind to BSE i: e, since 1850’s Four Gujarati and One Parsi or parsee (which indicates Parsis derived from a group of Persian Zoroastrians who came to India during 10th century AD) stockbrokers have met in Town Hall of Mumbai. This is an informal meeting among them. Time gone, no of brokers were increased then they would like to convert this meeting as a formal one. So they had found a place in 1874 at DALAL STREET and they made their office DS. It is become an official organisation in 1875, called “The Negative Share and Stock Brokers Association”. BSE was acknowledged by Indian government in 1956 under Securities Contracts Regulation Act (SCRA). An electronic trading system was introduced by BSE in 1995 i: e, BOLT – (BSE On line Trading) which has a capacity to make 8 million orders per day.

Besides, BSE has listed more than 5033 companies. BSE is the first exchange in India to receive ISO 9001: 2000 certification. It is also the first Exchange in India and second in the world to receive Information Security Management System Standard BS 7799-2-2002 certification for its BOLT.

Exchange Timings

Session	Time
Session	From	TO
Beginning of the day session	08 AM	09 AM
Pre-open trading session	09 AM	09:15 AM
Trading Session	09:15 AM	03.30 PM
Position Transfer Session	03.30 PM	03.50 PM
Closing Session	03.50 PM	04.05 PM
Option Exercise Session	04.05 PM	04.35 PM
Margin Session	04.35 PM	04.50 PM
Query Session	04.50 PM	05.35 PM
End of the day	05.35 PM

Board of directors as on July 2011

Name & Photograph	Position holding as on July 2011
Mr. S. Ramadorai	Non-Executive Chairman(BSE) & Public Interest Director Vice Chairman Tata Consultancy Services Ltd
Mr. Madhu Kannan	Managing Director & Chief Executive Officer
Mr. Sudhakar Rao	Public Interest Director
Dr. Sanjiv Misra - IAS (Retd.)	Public Interest Director
Mr. Dipak Chatterjee	Shareholder Director
Mr. Andreas Preuss	Shareholders Director
Mr. Keki M. Mistry	Shareholders Director & Vice-Chairman & CEO HDFC Ltd
Mr. Uttam Bagri	Trading Member Director & Designated Director BCB Brokerage Private Ltd
Ms. Deena A. Mehta	Trading Member Director & Designated Director Asit C. Mehta Investment Intermediates Ltd.
Mr. Anil M. Shah	Trading Member Director & Designated Director Span Cap lease Private Ltd.