Business, Legal & Accounting Glossary
Stock exchange located in Jersey City, New Jersey. National Stock Exchange was one of the first exchanges to switch over to conducting trades solely on an electronic platform. The exchange was established in 1885 and switched over to the electronic platform in 1980. NSX continues to be a leader in automated trading systems and has continued to improve its platform to meet the needs of consumers around the world. The exchange was formally stationed out of Cincinnati, OH and later moved to Chicago, IL before ending up in New Jersey.
A national stock exchange is a type of domestic market that allows buyers, sellers and brokers to trade stocks. National Stock Exchange of India (NSE) is renowned as the world’s third-largest stock exchange. It is the largest one in India. Ideally located in the commercial capital of India, Mumbai, the National Stock exchange was supported by several financial institutions. Approved by Government of India, NSE was integrated in November 1992 as a tax-paying company. Many exchanges also allow other forms of securities to be traded. Typical securities include shares in private companies, unit trusts, mutual funds, ETFs or exchange-traded funds, and bonds.
NSE was acknowledged as a stock exchange agency in April 1993 abided by the act of Securities Contracts (Regulation) Act-1956. NSE started its operations in the wholesale debt market (WDM) in June 1994 and then inaugurated operations in the capital market (equities) in November 1994. The derivatives segment was captured in 2000. NSE has a worldwide trading network which is aided with an updated trading system.
National Stock Exchange was incorporated with several objectives in mind. NSE was set up as an instrument to change the secondary market by creating competitive pressure. Major objectives of NSE can be summarized as:
National Stock Exchange compromises of several types of markets. The major markets that are currently operational include:
NSE has full faith in the technological growth and believes that in recent years the innovative approach of technology will lead to providing satisfaction in customer service. NSE has constantly brought about inventions in the secondary market. NSE has recently taken up several new projects that have brought about a revolution in entire Indian Securities Industry. Some of the major projects of NSE are as follows:
NSX
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This glossary post was last updated: 21st November, 2021 | 0 Views.