Question

Calcutta stock exchange introduction

Answer 1

DEFINITION of 'Calcutta Stock Exchange (CAL) .CL '

The Calcutta Stock Exchange (CSE) is the securities market in Calcutta, India. It provides its members opportunities to trade in capital markets and the futures and options markets of the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).
The exchange began in 1908 as the Calcutta Stock Exchange Association with the trading of securities in the East India Company. At this time, it had 150 members. In 1923, the Association became a limited liability concern. In 1980, the exchange was permanently recognized by India's government. The CSE has since grown to more than 900 members and over 3,500 listed companies, and is the country’s second-largest exchange.

In 1997, the exchange replaced its manual trading system with a computerized trading system called C-STAR (CSE Screen Based Trading And Reporting). C-STAR was subject to a major payment settlement system scam in 2001 that closed down the exchange and resulted in the suspension of 300 CSE members, many of whom were able to get their licenses back several years later. Many companies delistedfrom the CSE and joined the BSE or NSE instead. In 2007, the CSE entered a piggyback arrangement with the BSE.

HOPE THAT IT HELPSS
MARK AS A BRAINLIST