Goseeko blog

What is Bombay Stock Exchange?

by Team Goseeko

Bombay Stock Market is the oldest stock market in India and Asia. It is an integral component of the “$ 1 trillion “club, having the 11th largest market capitalization value at $ 2.2 trillion.

BSE stock market was founded by Premchand Roy Chand in 1875 and is currently managed by Sethurathnam Ravi, serving as the chairman.

How does it work?

Financial transactions in BSE are done online through an electronic trading system. Market orders can be directly placed in BSE online, without the requirement of external specialists through direct market access. Due to the absence of such limit orders, focus is shifted from buyers / sellers to the entire value of transactions during a day.

Trading within the BSE share market has got to be done through a brokerage agency, against a stipulated charge. However, direct investment access is given to certain preferential investors making large transactions within the BSE stock exchange. BOLT-Bombay Online trading platform is employed by this stock market for efficient trading.

Transactions made in BSE online are done through T + 2 rolling settlement, wherein all transactions are processed within two days. Securities and Exchange Board of India (SEBI) is liable for the regulation of this stock market , continuously updating rules for its smooth operation.

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