NSE or National Stock Exchange of India is a leading stock exchange of India based in Mumbai. It is the 11th largest stock exchange of the world with a market capitalization of over $2.27 trillion. It is the 4th largest stock exchange in the world based on trading volume.
NSE was established in the year 1992 and is owned and managed by Government of India under the Ministry of Finance division. The National Stock Exchange was the first dematerialized exchange of India. NSE introduced the concept of dematerialization and introduced the automated screed based electronic trading in India, much before the Bombay Stock Exchange (BSE). This new system eased out the trading process for investors and traders.Functions of the National Stock Exchange
NSE was setup for fulfilling various functions and it has been successful in taking care out of all of them. Some of the major functions of the National Stock Exchange include:
· To provide easy access to trading across the nation in equity, debt, and other financial instruments.
· To provide equal access to the thriving population of traders across the length and breadth of the country using improved communication network.
· To utilize the electronic trading system to ensure that the Indian securities market remain fair, efficient, and transparent.
· To speed up the clearing and settlement process resulting in shorter clearing and settlement periods.
· To raise the Indian financial markets up to the International Standards
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