BSE Bombay Stock Exchange,
Dalal Street,
Bombay. This is where ALL the action takes place in
Mumbai!
Even after the city's name was changed to Mumbai, they have gladly not changed it to the
MBE.
Imagine calling it the
Mumbai Stock Exchange. It just doesn't sound right!
As per
Wikipedia:
The Bombay Stock Exchange is the oldest exchange in
Asia. It traces its history to the
1850s, when four
Gujarati and one
Parsi stockbroker would gather under banyan trees in front of Mumbai's
Town Hall. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The
Native Share &
Stock Brokers
Association'. In
1956, the BSE became the first stock exchange to be recognized by the
Indian Government under the Securities Contracts
Regulation Act. The Bombay Stock Exchange developed the
BSE SENSEX in
1986, giving the BSE a means to measure overall performance of the exchange. In
2000 the BSE used this index to open its derivatives market, trading
SENSEX futures contracts. The development of SENSEX options along with equity derivatives followed in
2001 and
2002, expanding the BSE's trading platform. Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system in
1995. It took the exchange only fifty days to make this transition. This automated, screen-based trading platform called BSE
On-line trading (
BOLT) currently has a capacity of 8 million orders per day. The BSE has also introduced the world's first centralized exchange-based internet trading system, BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE platform. The BSE is currently housed in
Phiroze Jeejeebhoy Towers at Dalal Street,
Fort area.
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- published: 23 Sep 2011
- views: 41711