CSE, the capital stock market of Kochi, was established in 1978 with just 5 companies listed and 14 members. The figure has grown to more than 350 companies listed and above 500 members today. This itself implies the growth span that the Cochin Stock Exchange Ltd. have had over the years. It has become a vital promoter of businesses, not just to the ones in Kochi, but to the entire state. Now, the Cochin Stock Exchange is directly controlled and supervised by the Securities & Exchange Board of India (SEBI).
In 1980, CSE was computerized, after which its growth took an entirely different route, with more vigor and pace. Later on, with the introduction of 'Fast Track' system, CSE became the stock exchange with the shortest settlement cycle in the country. To face the challenge from the two pioneer exchanges, viz., the Bombay Stock Exchange(BSE) and National Stock Exchange (NSE), CSE came up with "Cochin Stock Brokers Ltd. (CSBL)" , which enabled it to trade in both NSE as well as BSE. CSBL achieved the status of being the first subsidiary of a stock exchange to get membership in both NSE & BSE !
Some of the milestones of CSBL where:
• Bringing in high tech solutions and make all operations absolutely transparent.
• Building infrastructure for capital market by turning CSE into a financial super market.
• Serving the investors of the region.
The Management: The policy decisions of the CSE are taken by the Board Of Directors. The Board is constituted with 12 members of whom less than one-fourth are elected from amongst the trading member of CSE, another one fourth are Public Interest Directors selected by SEBI from the panel submitted by the Exchange and the remaining are Shareholder Directors. The Board appoints the Executive Director who functions as an ex-officio member of the Board and takes charge of the administration of the Exchange.
CSE Institute of Capital Market – The Education & Training wing of CSE:
This wing basically deals with education and training activities in the financial domain. Its chief activities include training people on Stock Market and undertaking projects related to capital market and finance sector, apart from organizing seminars and awareness programs. Project assistance service is one of the notable offerings of CSE.
Location:
4th Floor of the MES Building, Judges Avenue. To be more specific, just opposite to the 'Manappattiparambu' ground near Kaloor Junction.
The Cochin Stock Exchange Ltd. has served to be an excellent channel for investment oppurtunities for the localities throughout the years. Its always good to have read something about our own stock exchange atleast once.
No comments:
Post a Comment