Established in 1875, BSE (formerly known as Bombay Stock Exchange
Ltd.), is Asia's first & the Fastest Stock Exchange in world with the speed
of 6 micro seconds and one of India's leading exchange groups. Over the past
141 years, BSE has facilitated the growth of the Indian corporate sector by
providing it an efficient capital-raising platform. Popularly known as BSE,
the bourse was established as "The Native Share & Stock Brokers' Association"
in 1875. Today BSE provides an efficient and transparent market for trading
in equity, currencies, debt instruments, derivatives, mutual funds. It also
has a platform for trading in equities of small-and-medium enterprises (SME).
India INX, India's 1st international exchange, located at GIFT CITY IFSC in
Ahmedabad is a fully owned subsidiary of BSE. BSE is also the 1st listed stock
exchange of India.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. BSE is the first exchange in India and second in the world to obtain an ISO 9001:2000 certification. It is also the first Exchange in the country and second in the world to receive Information Security Management System Standard BS 7799-2-2002 certification for its On-Line trading System (BOLT). It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides depository services through its Central Depository Services Ltd. (CDSL) arm.
BSE's popular equity index - the S&P BSE SENSEX - is India's most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa).
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
Compensation to Clients of Defaulter Members:
In case of Default by BSE Trading Member, BSE IPF compensates clients of such Defaulter Trading Member maximum upto Rs. 15 lakhs per client.
Form for lodging claim against Defaulter/Expelled Member & Checklist
Norms for eligibility of claims for compensation from IPF to the clients of the defaulter member
Monetary relief to the investors, during the course of pendency of proceedings:
BSE IPF provides monetary relief to the investors, during the course of pendency of proceedings against trading members as per the guidelines issued by SEBI.
"IPF has a corpus of Rs. 838.68 crore as on 31.05.2021. Further, SEBI vide its circular no. SEBI/HO/CDMRD/DEICE/CIR/P/2016/94 dated September 26, 2016, addressed to all National Commodity Derivatives Exchanges provided guidelines and broad framework regarding constitution and management of an Investor Protection Fund (IPF) for Commodity Segment.
Thereafter, SEBI vide its circular No. CIR/CDMRD/DEICE/CIR/P/2017/53 dated June 13, 2017 addressed to all National Commodity Derivatives Exchanges, modified certain provisions of the above mentioned SEBI circular dated September 26, 2016.
Accordingly, the Exchange has created a separate IPF for its Commodity Derivatives Segment having a corpus of Rs. 0.31 crores as on 31.05.2021."
Policy has a critical role to play in the development of our markets. This is an ongoing process and operates in an evolutionary manner through study, discussion and debate – some of these might be behind closed doors, others in public forum.
BSE IPF works with a broad range of schools, colleges, universities, research centers, policy advisory entities, trade associations, and others. The collaboration typically is in the form of support to events, conferences, seminars, memberships, etc. IPF contributes financial resources, manpower, educational material, and other content for such events.
BSE IPF had launched focused efforts to collaborate with academia. BSE IPF is actively consulting with leading academic researchers in India and overseas to develop programmes to improve and grow the quality of research on Indian markets.