National Stock Exchange of India was incorporated in November 1992, and was recognized in April 1993 as a registered stock exchange. The Mumbai National Stock Exchange was the first electronic exchange across all the major Indian cities.
The fully automated screen-based trading system makes share trading transparent, efficient and safe. Updated technology has facilitated the trading, clearing and settlement mechanisms of stock trading. The compression of trading cycles, professional approach of trading members, and fine monitoring of the management system has helped National Stock Exchange of Bombay to emerge as a leading stock exchange in India.
Milestones of National Stock Exchange
After becoming recognized as a stock exchange in April 1993, NSE (National Stock Exchange) of Bombay formulated its business plan in May of the same year. Subsequently, the wholesale debt market segment and the Capital Market segment went live in June 1994 and November 1994 respectively. Thereafter the National Stock Clearing Corporation Limited (NSCCL) was established in June 1995.
In November 1996, the National Securities Depository Limited was promoted by NSE Bombay as the country's first depository. In December of the same year it received the Top IT user from Dataquest. In May 1998, NSE of India Limited along with Credit Rating Information Services of India Limited (CRISIL) formed India Index Services & Products Limited (IISL) to provide index associated products and services to the capital market.
National Stock Exchange in January 2000 launched National Stock Exchange Research Initiative (NSE RI) to facilitate market trading, frame regulations and policies, and enhance knowledge among participants and investors. In February of the same
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year Internet trading in stocks and shares was made operational. In December 2001, NSE initiated NSE VaR (Value-at-Risk) for monitoring and managing market risks for all types of securities and investments.
The other milestones include initiation of trading in 'retail debt market' in 2003 January, launching of 'straight through processing interoperability' in June 2004, commencement of 'National Stock Exchanges electronic interface' for its listed stock holding companies in 2004 August.
NSE Facts and Figures
Mumbai National Stock Exchange of India trades in three categories: wholesale debt market (WDM), capital market (CM), futures and options (F & O).
WDM trading deals in Treasury bills, Central and State Government securities, corporate debentures, Public Sector Undertaking (PSU) bonds and the like. The total trading volume during the 2006-07 period was Rs 219,106 crores (US $ 50,265 million), and market capitalization was Rs.1, 7874,801 crores. 63 members were involved offering 3252 securities.
Capital Market involves on-line securities trading in shares, debentures, and warrants. The total trading volume during April 2006 - March 2007 was Rs. 1,945,287 crores (US $ 446,269 million). This trading involved 1002 listed members which offered 1084 contracts. The corresponding market capitalization was valued at Rs. 3,367,350 crores.
Futures and Options (F & O) involves trading in stock futures, stock options, index options, and index futures. The total turnover during the financial period Apr'06 - Mar'07 was Rs. 7,356,271 crores (US $1,687,605 million). This involved 845 members in 13,041 contracts.
National Stock Exchange of India corporate office is located in Exchange Plaza, Plot C/1, G Block, Bandra - Kurla Complex, Bandra East, Mumbai - 400 051.
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