Business, Legal & Accounting Glossary
Over-The-Counter Exchange of India is an electronic stock exchange. It is made up of medium and small business establishments that are trying to get some access to various capital markets.
Over-The-Counter Exchange of India is similar to NASDAQ, which is a major electronic stock exchange of the United States in a way that there is no specific place of exchange and the entire process is executed through online means.
Over-The-Counter Exchange of India is among the first electronic OTC stock exchanges in India. It was established in the decade of 90s. The main aim behind the construction of Over-The-Counter Exchange of India was to give companies and investors an extra way of issuing and trading in securities.
Over-The-Counter Exchange of India introduced, for the first time in India, market makers. Market makers are companies that have shares in other business establishments. They normally make trading activities easier by trading securities with other participants in a stock market.
Dalal Street is a colloquial term for Bombay Stock Exchange, which is the biggest stock exchange of India. There are a number of financial organizations on Dalal Street other than the Bombay Stock Exchange. It is equivalent to Wall Street in the United States of America.
Foreign Exchange Dealers’ Association of India is an association body of Indian banks that deal specifically in foreign exchange deals. It was instituted in 1958. It regulates rules that govern these activities in India. It also determines various charges and commissions that are associated with interbank foreign exchange business activities in India.
India ETF is an exchange-traded fund. It is based on a group of securities that are enlisted at various stock exchanges across India. India ETFs normally look to get hold of the principal sectors of Indian economy. They achieve this by acquiring ownership of a diverse group of big companies, which are representative of a big share of the aggregate market capitalization of the economy of India.
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This glossary post was last updated: 27th March, 2020 | 0 Views.