The Calcutta Stock Exchange (CSE), located at the Lyons Range,

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

, is a stock exchange under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

Government of India The Government of India ( ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

. It is the second oldest stock exchange in

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...

. It was founded on 1 December 1863 by sixteen of Calcutta's leading stockbrokers, beginning its work in rented premises at 11 Strand Road. It was reconstituted in its current form in 1908, and is the second largest bourse in India. The Calcutta Stock Exchange has been asked to exit by SEBI, but the matter is ''sub judice'' before the

Calcutta High Court The Calcutta High Court is the oldest High Court in India. It is located in B.B.D. Bagh, Kolkata, West Bengal. It has jurisdiction over the state of West Bengal and the Union Territory of the Andaman and Nicobar Islands. The High Court b ...

; thirteen other regional stock exchanges have closed in the last three years under SEBI's exit policy, including the

Bangalore Stock Exchange Bangalore Stock Exchange (BgSE), was a public stock exchange based in Bangalore, India fully owned by Government of India. It was founded in 1963 and had 595 regional and non-regional companies listed. In September 2005, the BgSE announced plans ...

, the

Hyderabad Stock Exchange Hyderabad Stock Exchange (HSE) was a stock exchange established in 1941 located in Hyderabad, India. The exchange was disbanded in 2007 by SEBI and since January 2013, HSE was conditionally permitted to function as regular broking or corporate en ...

and the

Madras Stock Exchange The Madras Stock Exchange (MSE) was a stock exchange in Chennai, India. The now defunct MSE was the fourth stock exchange to be established in the country and the first in South India. It had a turnover (2001) of 3,090 crore ($440 million), bu ...

. Since 2013, there has been no trading on the CSE trading platform.

History

In 1830, bourse activities in Kolkata were conducted under a

neem ''Azadirachta indica'', commonly known as neem, nimtree or Indian lilac, is a tree in the mahogany family Meliaceae. It is one of two species in the genus '' Azadirachta'', and is native to the Indian subcontinent and most of the countries in Afr ...

tree. The earliest record of dealings in securities in India records trading of the

British East India Company The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and South ...

’s loan stock. The exchange was founded on 1 December 1863 by sixteen leading stockbrokers, beginning life in rented premises on 11 Strand Road. The premises also had a library, open to the public, which could be accessed after paying an admission fee. In 1908, the stock exchange was reconstituted in its current form, and had 150 members. The present building at the Lyons Range was constructed in 1928. The Calcutta Stock Exchange Ltd was granted permanent recognition by the

with effect from 14 April 1980, under the relevant provisions of the Securities Contracts (Regulation) Act, 1956. The Calcutta Stock Exchange followed the

open outcry Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orde ...

system for stock trading until 1997, when it was replaced by C-STAR (CSE Screen Based Trading And Reporting), an

electronic trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...

. The

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...

(BSE) has made a strategic investment in the Calcutta Stock Exchange, acquiring 5% of its shares.

References

External links

* {{coord missing, West Bengal Stock exchanges in India Companies based in Kolkata 1830 establishments in India

History

See also

References

External links