Stock Exchanges In India

Stock Exchanges In India

There are 24 stock exchanges in the country, with 21 of them being regional in nature. Three others that have been set up in the reforms era, viz., National Stock Exchange (NSE), the Over the Counter Exchange of India Limited (OTCEI), and Interconnected Stock Exchange of India Limited (ISE) have mandate to nationwide trading network. The ISE has been promoted by 15 regional stock exchanges in the country and is based at Mumbai. The ISE provides a member-broker of any of these stock exchanges an access into the national market segment, which would be in addition to the local trading segment available at present.

The NSE, OTCEI, ISE, and majority of the regional stock exchanges have adopted the Screen Based Trading System (SBTS) to provide automated and modern facilities for trading in a transparent, fair and open manner with access to investors across the country.

Following are the names of the various stock exchanges in India:

i. The Bombay Stock Exchange

ii. The Ahmedabad Stock Exchange Association Ltd.

iii. Bangalore Stock Exchange Ltd.

iv. Bhubaneshwar Stock Exchange

v. The Calcutta Stock Exchange Association Ltd.

vi. The Cochin Stock Exchange Ltd.

vii. The Delhi Stock Exchange Association Ltd.

viii. The Guwahati Stock Exchange Ltd.

ix. The Hydrabad Stock Exchange Ltd.

x. The Jaipur Stock Exchange Ltd.

xi. The Kanara Stock Exchange Ltd.

xii. The Ludhiana Stock Exchange Association Ltd.

xiii. The Madras Stock Exchange Ltd.

xiv. The Madhya Pradesh Stock Exchange Ltd.

xv. The Magadh Stock Exchange Ltd.

xvi. The Mangalore Stock Exchange Ltd.

xvii. The Pune Stock Exchange Ltd.

xviii. The Saurashtra Kutch Stock Exchange Ltd.

xix. The Vadodara Stock Exchange Ltd.

xx. The Coimbatore Stock Exchange Ltd.

xxi. The Meerut Stock Exchange Ltd.

xxii. The Over The Counter Exchange of India (OTCEI)

xxiii. The National Stock Exchange of India (NSE) Ltd.

xxiv. The Interconnected Stock Exchange of India Ltd.

Top 10 Stock Exchanges in the World.

As on January 31st, 2017, the ten biggest stock exchanges in the world by market capitalisation of listed securities are:

i. The New York Stock Exchange - Located in New York City; $19.223 trillion in listed market capitalization.

ii. NASDAQ - Short for the "National Association of Securities Dealers Automated Quotation", this electronic stock exchange is located in New York City; $6.831 trillion in listed market capitalization.

iii. London Stock Exchange - Located in London, England; $6.187 trillion in listed market capitalization.

iv. Tokyo Stock Exchange - Formally known as the Japan Exchange Group, located in Tokyo, Japan; $4.485 trillion in listed market capitalization.

v. Shanghai Stock Exchange - Located in Shanghai, China; $3.986 trillion in listed market capitalization.

vi. Eronext - Located throughout Europe (France, Portugal, The Netherlands, and Belgium); $3.321 trillion in listed market capitalization.

vii. Hong Kong Stock Exchange - Located in Hong Kong, Hong Kong; $3.325 trillion in listed market capitalization.

viii. Shenzhen Stock Exchange - Located in Shenzhen, China; $2.285 trillion in listed market capitalization.

ix. MX Group - The Canadian stock exchange is located in Toronto, Canada; $1.939 trillion in market capitalization.

x. Bombay Stock Exchange - Located in Mumbai, India; $1.682 trillion in market capitalization.

REMISERS

He acts as an agent of a member of a stock exchange. He obtains businessfor his principal ie., the member and gets a commission for that service.

AUTHORIZED CLERKS

The authorised clerks are mere employees of the members, appointed by themember of stock exchange. The authorised clerks transact business on behalf of their employers on the floor of the stock exchange. They are paid a salary, plus acommission.

BROKERS

Brokers are commission agents, who act as intermediaries between buyers and sellers of securities. They do not purchase or sell securities on their behalf. They bring together the buyers and sellers and help them in making a deal. Brokers charge a commission from both the parties for their service. Brokers are experts in estimating trends of price and can effectively advice their clients in getting a fruitful gain. Brokers get orders from investing public and execute the orders through Jobbers and they are entitled to a prescribed sale of brokerage.

JOBBERS

Jobbers are security merchants dealing in shares, debentures as independent operators. They buy and sell securities on their own behalf and try to earn through price changes. Jobbers cannot deal on behalf of public and are barred from taking commission. In India, they are called Taravaniwalas.

SPECULATION

Speculation involves trading a financial instrument involving high risk, in expectation of significant returns. The motive is to take maximum advantage from fluctuations in the market. Speculators are prevalent in the markets where price movements of securities are highly frequent and volatile.

GAMBLING

There is no reasoning involved in gambling. It accentuates fluctuations in price and it is unethical and illegal. It does not perform economic function.