BSE Limited owns and operates the BSE exchange platform (formerly the Bombay Stock Exchange), the first stock exchange in Asia, which was formed on July 9, 1875. As of June 30, 2016, the BSE was the world's largest exchange by number of listed companies, and India's largest and the world's 11th largest exchange by market capitalization, with US$ 1.52 trillion in total market capitalization of listed companies.
As the operator of the BSE, the company regulates listed issuers and provides a market for listing and trading in various types of securities as may be allowed by SEBI from time to time. The company operates in three primary lines of business:
Listing business: This consists of the primary market, which relates to the issuance
BSE Limited owns and operates the BSE exchange platform (formerly the Bombay Stock Exchange), the first stock exchange in Asia, which was formed on July 9, 1875. As of June 30, 2016, the BSE was the world's largest exchange by number of listed companies, and India's largest and the world's 11th largest exchange by market capitalization, with US$ 1.52 trillion in total market capitalization of listed companies.
As the operator of the BSE, the company regulates listed issuers and provides a market for listing and trading in various types of securities as may be allowed by SEBI from time to time. The company operates in three primary lines of business:
Listing business: This consists of the primary market, which relates to the issuance of new securities.
Market business: This includes:
(i) The secondary market, which relates to the purchase and sale of previously-issued securities.
(ii) BSE StAR MF ("BSE StAR"), an online platform for the placement of orders and redemptions of units in mutual funds.
(iii) NDS-RST, a platform for the reporting of over-the-counter corporate bond trading.
(iv) Membership, which includes membership in the Exchange, membership in the clearing corporation ICCL, and depository participants in the depository CDSL.
(v) Post-trade services, namely the clearing corporation and depository.
Data business: This consists of the sale and licensing of information products.
In addition to its primary lines of business, the company also has supporting businesses, including:
(i) Providing IT services and solutions.
(ii) Licensing index products such as the S&P BSE SENSEX.
(iii) Providing financial and capital markets training.
(iv) Operating its corporate and social responsibility portal.
Moreover, the company has an active treasury function focused on managing its cash, including both its own funds as well as funds held on behalf of third parties (such as margins placed by clearing members).
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