Cochin Stock Exchange

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Cochin Stock Exchange
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Founded 1978
Headquarters Kochi, India
Key People Shri T.T.Thomas, Board Chairman and Public Representative Director
Website www.coshinstockexchange.com

The Cochin Stock Exchange is the parent company to the Cochin Stock Brokers Ltd. (CSBL), which is the first subsidiary of an exchange to be listed at the National Stock Exchange and the Bombay Stock Exchange.

History

The Cochin Stock Exchange was established in 1978 with 14 members and only five companies listed. Currently, the exchange has 508 members and 240 companies listed. The exchange began electronic trading in 1980 and introduced the computerized trading facility "Cochin Online Trading" (COLT) in 1997.[1]

In August of 2001, it was announced that Cochin Stock Exchange Ltd. had signed an MOU with ASIANET Satellite Communications which would enable the brokers and clients of the exchange to trade directly online on the Net through the Asianet cable network connection. The agreement would facilitate online trading on the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE) and Cochin Stock Exchange as well as for depository participant (DP) operations.[2]

In late February of 2010, Cochin Stock Exchange and Ludhiana Stock Exchange — two of the 11 regional stock exchanges whose recognition would expire in coming months, have said they are 'compliant' to regulations and are confident of their recognition being renewed by Securities and Exchange Board of India (Sebi).[3]

Products and Facilities

A software called MULTEX is given to all brokers. The brokers can simultaneously access to BSE and NSE terminals. To analyze the market trends, the exchange has provided a software package known as Meta Stock and ERS. It has gained wide acceptance from members, investors and students from various institutes.[4]

Key People

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 the Securities & Exchange Board of India (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.[5]

References

  1. About Us. CSE Website.
  2. Cochin SE, Asianet Satellite Ink Deal. Business Line.
  3. Cochin, Ludhiana Bourses Confident Of Getting Sebi Renewal. Business Standard.
  4. Cochin Stock Exchange (CSE). Surfinda.
  5. South Zone: Cochin Stock Exchange (CSE). World Market Media.