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Following are the securities that are traded on the OTCEI:
1. Listed equity (exclusive): These are equity shares of the companies listed exclusively on the
OTCEI. The shared can be bought or sold at any of the member/ dealer‗s office all over India.
The securities, which are listed exclusively on the OTCEI, cannot be traded on other stock exchanges.
Listed debt: These are the debentures/bonds that are issued through a public issue or a private placement and are listed on OTCEI. Any entity holding the entire series of a particular debt instrument can also offer them for trading on the OTCEI, by appointing an OTCEI member/dealer to carry out compulsory market making in those securities.
Gilts: The securities issued by the Central and State Governments are called ‘gilts’. Government of India Dated Securities, Treasury Bills and special securities are traded in this segment. Banks, Foreign Investors, Foreign Institutional Investors, NBFCs and Provident Funds can trade in these securities through OTCEI designated members/dealers.. PSU Bonds, Commercial Paper, and Certificates of Deposit will also be traded in this segment.
4. Permitted securities: These are the securities listed on other exchanges, which are permitted for trading on OTCEI. Securities of Blue Chip companies like ACC, Reliance Industries Ltd., State Bank of India, ITC, etc. are traded in this segment.
5. Listed mutual funds: Listed mutual funds are units of mutual funds that are listed on OTCEI.
Mutual fund units like units of Unit-64, Monthly Income Plan, and under this category. To counter the influence of Bombay Stock Exchange and reduce the influence of certain powerful intermediaries in the stock market, a new stock market was promoted in which both securities of companies and debt instruments are traded, namely the National Stock Exchanges. NSE takes into account the screen based trading and so it is the most advanced. The success of this stock exchange is quite evident that within a few years of its promotion the volume and the value of transactions have surpassed the BSE.
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