Bombay Stock Exchange
Bombay Stock Exchange is the oldest stock exchange in India as well as Asia. It is an integral component of the “$1 trillion” club, having the 11th largest market capitalisation value at $2.2 trillion.
BSE stock exchange was founded by Premchand Roychand in 1875 and is currently managed by Sethurathnam Ravi, serving as the chairman.
How Does It Work?
Financial transactions in BSE are done online through an electronic trading system. Market orders can be directly placed in BSE online, without the requirement of external specialists through direct market access. Due to the absence of such limit orders, focus is shifted from buyers/sellers to the total value of transactions in a day.
Trading in the BSE share market has to be done through a brokerage agency, against a stipulated charge. However, direct investment access is given to certain preferential investors making large transactions in the BSE stock market. BOLT-Bombay Online trading platform is used by this stock exchange for efficient trading.
Transactions made in BSE online are done through T+2 rolling settlement, wherein all transactions are processed within two days. Securities and Exchange Board of India (SEBI) is responsible for the regulation of this stock exchange, continuously updating rules for its smooth operation.