Delhi Stock Exchange

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Delhi Stock Exchange (DSE) was located in New Delhi and was allowed to exit business by SEBI in January 2017.[1]

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.[2] 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[edit]

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.[citation needed]

DSE Trade Guarantee Fund[edit]

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.[citation needed]

See also[edit]

External links[edit]

References[edit]

  1. ^ "Sebi allows Delhi Stock Exchange to exit stock bourse biz". economictimes. economictimes. Retrieved 29 May 2017. 
  2. ^ D. MURALEEDHARAN (1 November 2014). MODERN BANKING: THEORY AND PRACTICE. PHI Learning Pvt. Ltd. pp. 106–. ISBN 978-81-203-5032-8.