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National stock exchange of India
Market is
place where exchange of goods and services takes place between buyer and seller,
similarly stock exchange is a market where stock transaction (goods or services)
are exchange between two individuals.
The National
Stock Exchange of India Limited (NSE), is a mumbai-based stock exchange.It was
incorporated in November 1992 as a tax-paying company. In April 1993, it was
recognized as a stock exchange under the Securities Contracts (Regulation) Act,
1956.
It
provide facilities which serve as a model for the securites industry in terms of
trading system,practises and procedure.It has been set up as public limited
company owned by the leading financial instituions,banks,insurance companies
and other financial intermediaries of india, but its management and ownership
are seprate entities. NSE is
stock exchange in india where membership on an exchange also meant ownership of
the exchange and management is under the control of Board of Directors.The day
to day management of the Exchange is delegated to the Managing Director who is
supported by a team of professional staff
STONG POINTS:
NSE uses
satellite communication technology to energies participation from around 400
cities in India
NSE the
first exchange to trade ETFs(exchange traded funds) in India
NSE can
handle up to 1 million trades per day.
It is one
of the largest interactive VSAT based stock exchanges in the world.
The NSE-
network is the largest private wide area network in India and the first extended
C- Band VSAT network in the world.
Presently
more than 9000 users are trading on the real time-online NSE application.
In the
month of march 2006,NSE had a market capitalization of 4,380,774 crore
It covers
more than 1500 cities across India
NSE DEALS IN:
-Equity
-Retail Debt Market
-Futures and Options
-Wholesale Debt Market
NSE offers
trading of a variety of types of securities, including equity, corporate debt,
central and state government securities, commercial. NSE specializes
in three market segments: wholesale debt, capital market (automated screen-based
trading system), and futures and options (derivatives paper, and certificates of
deposit).
Branches of NSE located
throughout the country, which gives flexibility to its member to transact from
place of their own choice trough on-line screen operation and electronic
clearing and settlement. It because of this reason NSE becomes
the third largest stock exchange in the world in terms of volume of transaction.
http://www.nseindia.com/
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