The National Stock Exchange of India (NSE) was incorporated in November 1992 as a tax-paying company. It is recognised under Securities Contracts (Regulation) Act, 1956 in 1993 as a stock exchange. In June 1994, it commenced operations in the Wholesale Debt Market (WDM). In November, the same year, the Capital Market (Equities) segment commenced operations and the Derivatives segment in June 2000.
|Capital Market (Equities) Segment||Derivatives (f&o) segment||Wholesale debt segment|
|Number of cities covered||300||305||--|
|Settlement Guarantee Fund ( Crore Rs. )||2,085.25||6,018.30||--|
|Investor Protection Fund (CM and F&O) (Crore Rs. )||158.67||--||--|
|Number of securities available for trading||1,383||3,143||--|
|Record daily turnover (quantity) ( Lak.. Rs.)||6,765||--||--|
|Record daily turnover (value) ( Crore Rs. )||10,336.52||32,809.96||13,911.57|
|Record number of trades||33,64,139||5,70267||--|
As on 31st Oct., 2005 (source: www.nse-india.com)
It is a wholly owned subsidiary, which was incorporated in August 1995 and commenced clearing operations in April 1996. It was formed to build confidence in clearing and settlement of securities, to promote and maintain the short and consitent settlement cycles, to provide a counter-party risk guarantee and to operate a tight risk containment system.
It is also a wholly owned subsidiary of NSE and is its IT arm. This arm of the NSE is uniquely positioned to provide products, services and solutions for the securities industry. NSE.IT primarily focusses on in the area of trading, broker front-end and back-office, clearing and settlement, web-based, insurance, etc. Along with this, it also provides consultancy and implementation services in Data Warehousing, Business Continuity Plans, Site Maintenance and Backups, Stratus Mainframe Facility Management, Real Time Market Analysis & Financial News.
It is a jointventure between NSE and CRISIL Ltd. to provide a variety of indices and index related services and products for the Indian Capital markets. It was set up in May 1998. IISL has a consulting and licensing agreement with the Standard and Poor's (S&P), world's leading provider of investible equity indices, for co-branding equity indices.
NSE joined hands with IDBI and UTI to promote dematerialisation of securities. This step was taken to solve problems related to trading in physical securities. It commenced operations in November 1996.
DotEx was formed to provide a well structured inter trading platform for the members to further offer online trading facilities to their customers. With this facility, the members can serve a larger clientele with the use of automated risk management features and hence increase the volume. The investors also get comprehensive and updated information through it.