Bombay Stocks Exchange

With a market cap of $1.68 trillion, the Bombay Stocks Exchange was the first and currently the largest stocks exchange in India. The exchange was established in the year 1875 and was at the time known as the Native Share and Stocks Brokers` Association. Currently, the exchange has close to 6,000 listed companies and is considered as one of the largest exchanges in terms of stocks loans globally. The Bombay Stocks Exchange is credited as having developed India`s capital markets as well as the country`s corporate sector. In 1995, the Bombay Stocks Exchange switched from an open-floor to an electronic trading system signaling the adoption of an electronic trading system by most stocks exchanges across the globe. Some of the securities listed on BSE include: index futures, index options, stocks and stocks futures. The overall performance of this exchange is measured using the Sensex. Sensex is an index of 30 of Bombay`s Stocks Exchange largest stocks from 12 different sectors. The loan and securities lending market at the Bombay Stocks Exchange operates in a similar manner as the NYSE and NASDAQ. Under the current securities lending scheme in India, the security owner is capable of lending the same to a potential borrower through a central counterparty. Both the Bombay stocks exchange and the National Stocks exchange can act as counterparties.