Question
Download Solution PDFBombay Stock Exchange is the ________ stock exchange of Asia.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is first.
Key Points
- BSE is Asia's first and the Fastest Stock Exchange in the world with a speed of 6 microseconds and is one of India's leading exchange groups.
- In 2013, BSE upgraded its technology platform to Bolt Plus, which is based on the business architecture of the global giant Deutsche Borse.
- As of now January 2022 the chairman of the Bombay Stock Exchange is Vikramajit Sen.
- Bombay Stock Exchange (BSE), is an Indian stock exchange located on Dalal Street in Mumbai.
- Bombay Stock Exchange is the oldest stock exchange in Asia, and also the tenth oldest in the world.
- The Bombay Stock Exchange is the 9th largest stock exchange with an overall market capitalization of more than Rs 255.003 lakh crore, as of October 2021.
Additional Information
- BSE was established in 1875 as the native share and Stock broker' Association.
- It enables investors to trade in equities, currencies, debt instruments, derivatives, and mutual funds.
- It also provides other important capital market trading services such as risk management, clearing, settlement, and investor education.
- In 1995, the BSE switched from an open floor to an electronic trading system.
- The BSE's overall performance is measured by the Sensex, a benchmark index of 30 of the BSE's largest and most actively traded stocks covering 12 sectors.
- The index broadly represents the composition of India's entire market.
- The Bombay Stock Exchange is located on Dalal Street in downtown Mumbai, India.
- Kolkata Share market was established in 1908.
- Ahmedabad Share market was established as a Public Charitable Trust in 1894.
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