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Bombay Stock Exchange Limited (BSE) is the oldest stock exchange in Asia. It was established in 1875 as "The Native Share & Stock Brokers Association". The BSE was the first stock exchange in the country to obtain permanent recognition from the Government of India. The Exchange has a presence in 417 cities and towns of India
The Exchange is a corporative entity under the Securities Contracts (Regulation) Act, 1956. With demutualization, the trading and ownership rights have been de-linked addressing concerns regarding possible conflicts of interest.
The Exchange's fundamental role in the development of the Indian capital market is widely known and its index. The Exchange provides an efficient market for trading in equity, debt instruments and derivatives. During the year 2005, the Exchange showed strong growth in trading volumes. The systems and procedures of the Exchange are designed to safeguard market integrity and transparency in operations
The Exchange is managed under a Board of Directors. The Board is composed of distinguished professionals, representatives of Trading Members and Managing Director of the Exchange. The Board is designed to benefit from the participation of market mediators and its activities are wide-ranging. The Board devises policy issues and exercises complete control. Furthermore, the committees comprised by the Board are broad-based.
www.bseindia.com
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