Bombay Stock Exchange (BSE)
- The Bombay Stock Exchange (BSE) is Asia’s oldest exchange and the world’s fastest exchange.
- Its benchmark index is called the Sensex
- Mr. Ashishkumar Chauhan is the current MD & CEO of BSE.
Mr. Premchand Roychand established the Bombay Stock Exchange in 1875. Mr. Ashishkumar Chauhan is the current MD & CEO of BSE.
The Bombay Stock Exchange (BSE) is Asia’s oldest exchange and the world’s fastest exchange with 6 microseconds response time. There are more than 5000 companies listed on BSE, and it is India’s first universal stock exchange to provide trading over all asset classes.
It was first recognised as a stock exchange by Indian government on 31 August 1975 under the securities contracts regulation act. BSE developed the S & P BSE SENSEX index to measure overall performance of the stock exchange in 1986. BSE used this index to start the derivatives market trading S&P BSE future contracts in India in the year 2000. After that BSE expanded its trading platform by introducing equity derivatives in the year 2001.
Earlier BSE had an open floor trading market. In 1995, it switched to an electronic trading system which was developed by CMC ltd. The BOLT i.e. BSE On-Line Trading is the automated screen based trading platform earlier used to trade 8 million orders per day now its capacity has been increased. On 30 december 2016, BSE established its first international exchange India INX in India.
BSE includes securities such as stock, stock options, stock futures, index options, index futures, etc. Sensex is made up of the top 30 largest stocks which covers 12 sectors.