Stock Exchange
Stock Exchange is a marketplace where shares/ stocks, bonds and other similar financial instruments are traded. The advent of
stock exchanges and listing of companies’ shares on the exchanges brought
immense liquidity for the investors. Before coming into existence of stock
exchanges investors were stuck with the shares and bonds, as it was very
difficult for them to find and reach out to suitable buyers.
The world’s first stock exchange is
supposed to be ‘The Amsterdam Stock Exchange’ established in 1602 by the Ditch
East India Company, though this disputed by some (source: Wikipedia).
Engraving depicting the Amsterdam Stock Exchange, built by Hendrik de Keyser c. 1612. Artist Claes Jansz. Visscher, Source: Wikipedia |
In India, during the manual trading days, many
regional stock exchanges used to flourish, namely:
- Bombay Stock Exchange (BSE)
- Delhi Stock Exchange (DSE)
- Madras Stock Exchange (MSE)
- The Calcutta Stock Exchange (CSE)
The
National Stock Exchange (NSE) was established in 1992 which for the first time
provided a modern, fully automated screen-based electronic trading system, BSE
and other exchanges followed suit and today BSE and NSE are the most popular
stock exchanges operating in India.
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