Bangalore Stock ExchangeBangalore Stock Exchange (BSE) is currently the largest public stock exchange in South India which is based in Bangalore, Karnataka. It is a self-regulatory organization which came into existence in, 1963 and since then it has been growing and serving the investor community continuously.
The stock exchanged is handled by a Council of Management, whose members are appointed by the Securities and Exchange Board of India (SEBI), Elected Members, Public Representatives and an Executive Director. There are 595 regional and non-regional companies listed on the exchange which include Wipro, Infosys, Bharat Electronics Limited and United Breweries. At present, there are more than 5000 companies which belong to the listed and permitted category that can be traded at the Exchange.
Automated Trading at Bangalore Stock Exchange
With the advancement in technology and financial system, Bangalore Stock Exchange went online in 1996. It was the first stock exchange to start electronic trading of securities in South India. Since its launch, it has come a long way. Its main focus has been towards the empowerment of the investors in the market. Bangalore Electronics Securities Trading (BEST) system provides its customers with an automatic order matching facility which helps them in trading. It generates a unique trade number and execution time which ensures its customers reliability and complete transparency in the dealing. Automated Trading has led to a sharp increase in the volume of shares traded on the Exchange.
Members of Bangalore Stock Exchanges
The Exchange has in total 241 members who operate within the framework of policies and practises developed by the Exchange over a passage of time. 25% of the total membership of the exchange consists of corporate members.
Services Centre for Investors at Bangalore Stock ExchangeBGSE has set up various Services Centres for investors at Mysore, Hassan, Hubli, Tumkur, Davangere, Mangalore, Madkeri and Shimoga in order to resolve their grievances quickly. There is a committee formed which looks after the functioning of the cell and takes appropriate steps to resolve their problems. The committee comprises of Executive Director followed by Public Representatives and other members.
Information Centre for Investors at Bangalore Stock Exchange
BGSE has a well equipped library and Investor Information Centre which provides useful information to investors, corporate members and other people. There is also availability of a huge range of books, journals, prospectus, periodicals, research publications related to Capital markets and annual reports. The Corporate data bank has a lot of information on over 4000 companies which helps investors and corporate members in their investment decision making process.
Investment Education Centre at Bangalore Stock Exchange
The Exchange mainly focuses on the empowerment of the investors through education. Therefore, it has set up exclusive investment education centre with the aim to fulfill the needs of the market participants. Regular training sessions, workshops and seminars are conducted. Monthly Investors’ meet is also conducted on the last Sunday of every month at Bangalore to discuss current topics and issues.
Shutting Down of its Operations
The 50-year old institution, Bangalore Stock Exchange, is soon going to shut down its operations, making Madras Stock Exchange as the sole exchange in South India. The city will lose its biggest historical financial landmark due to its failure to meet the solvency requirements stipulated by SEBI. So now let’s wait and watch what will be the fate of the BGSE. There are rumors that it may be merged with a financial institution.