Delhi Stock Exchange Association
|This article does not cite any references or sources. (January 2007)|
Delhi Stock Exchange (DSE) is located in New Delhi, India. It was incorporated on 25 June 1947. The exchange is an amalgamation of Delhi Stock and Share Brokers' Association Limited and the Delhi Stocks and Shares Exchange Limited. It is India's fifth exchange. The exchange is one of the premier stock exchanges in India. The Delhi Stock Exchange is well connected to 50 cities with terminals in North India.
The exchange has over 3,000 listed companies. It has received the market regulator's permission from BSE and has become a member. Now it facilitates the DSE members to trade on the BSE terminals. The exchange is also considered the same from NSE.
DSE dematerialised trading
Delhi Stock Exchange has paired up with the National Securities Depository Limited (NSDL), and commenced trading in dematerialised shares. This started September, 1988. However, the option for delivering shares either in physical or demat form started in November 1998.
DSE Trade Guarantee Fund
DSE initialised its Rs. 1.25 billion Trade Guarantee Fund on 27 July 1998. TGF guarantees all the transactions of the DSE interse through the stock exchange. If a member fails to honour the settlement commitment, TGF undertakes to fulfil the commitment and complete all the settlement without disruption.