Produced by: Abduvali Ibn Manan
Stocks are issued by companies in order to raise
capitals and are bought by investors in order to
acquire a portion of the company.
Stock exchange means anybody of
individual whether incorporated or
not ,constituted for the purpose of
assisting ,regulating or controlling the
business of buying ,selling or dealing
in securities “.
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LONDON STOCK EXCHANGE
NEW YORK STOCK EXCHANGE
SHANHAI STOCK EXCHANGE
AUSTRALIA STOCK
EXCHANGE
TOKYO STOCK EXCHANGE
HONG KONG STOCK
EXCHANGE
TORONTO STOCK EXCHANGE
DEUTSCHE BORSE
BM&F BOVESPA
NASDAQ OMX STOCK
EXCHANGE
IN THE WORLD
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NATIONAL STOCK
EXCHANGE
BOMBAY STOCK EXCHANGE
CALCUTTA STOCK
EXCHANGE
COCHIN STOCK EXCHANGE
MULTI COMMODITY
EXCHANGE
DERIVATIVES EXCHANGE
OTC EXCHANGE
PUNE STOCK EXCHANGE
INTERCONNECTS
EXCHANGE
IN INDIA
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It is a place where securities issued by companies,
govt. & other authorities are purchased & sold.
Its area of operation or geographical jurisdiction is
well defined.
Its purpose is to assist & regulate buying & selling in
securities.
It operates as per rules 7 guidelines issued by the
Securities & Exchange Board Of India (SEBI).
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Stock exchange is a organized securities market which
provides sufficient marketability to shares &
debentures.
Stock exchange provide a reasonable measure of safety
& fair dealing in the buying & selling of securities.
It constitutes the prime centre through which bulk of
investment activities are conducted by individual &
institutional operators.
Stock exchange play an important part to speed up the
process of economic in the country.
Stock exchange has been described as the pulse of the
economy of the country.
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Provide central and convenient meeting places for
sellers and buyer of securities
Increase the marketability and liquidity of securities
Contribute to stability of prices of securities
Equalization of price of securities
Smoothen price movement
Help the investors to know the worth of their
holdings
Promote the habit of saving and investment
Help companies and government to raise funds
from the investors
Provide forecasting service
 BSE Limited formerly known as Bombay
Stock Exchange (BSE) , is the oldest stock
exchange in Asia.
 It is a stock exchange located on Dalal
Street, Mumbai.
The equity market capitalization of the
companies listed.
on the BSE was
US$1 trillion as of December 2012
 It the 6th largest stock exchange in Asia
and the 14th largest in the world.
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BSE was established in 1875 as “The Native Share &
Stock Brokers”.
First Stock Exchange in the country to obtain permanent
recognition in 1956 from GOI.
Around 4700 Indian companies listed with Stock
Exchange.
As of 2012, it is among the five biggest Stock
Exchanges in the world in terms of transactions volume.
As of March 2012, there are over 5,133 listed Indian
companies and over 8,196 scrip's on the stock exchange,
the Bombay Stock Exchange has a significant trading
volume.
The BSE SENSEX, also called "BSE 30", is a widely
used market index in India and Asia.
It was the first stock exchange established
by east India company in 18th century in
London. The top gainer of LONDON STOCK
EXCHANGE is “Blue chip shares”.
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LONDON STOCK EXCHANGE:
◦ Significantly changed by the “Big Bang” of 1986:
 ending fixed commissions
 introduced SEAQ (Stock Exchange Automated
Quotations)
 attracted trading in non-UK stock
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London Stock Exchange
Total companies
Domestic: 2,550
International: 675
Market capitalisation
Main Market:
UK listed: US$3,570bn
International listed:
US$4,398bn
AIM: US$181bn
Turnover value (Jan-Dec 2007)
Main Market: US$8,054bn
AIM: US$150bn
Profile
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Trading
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Disclosure
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Timing
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London and New York exchanges offer optimal profile
London has world’s highest reputation for regulation and
governance
Principles-based (UK) versus rule-based (US) approach
London has the most liquid equity market in Europe
London has the world’s most successful growth market (AIM)
London Stock Exchange offers world’s only location for liquid
and transparent trading of GDRs
London combines simple, flexible disclosure with high
reputation of regulators
US disclosure regime more prescriptive, exacerbated by need to
protect against opportunistic securities litigation
London offers rapid turnaround by regulators, and limits the
time regulators can take to approve offer documents
US: SEC review periods longer, with no certainty on turnaround
time
AIM offers potentially shorter transaction timetable
Cost-benefit analysis favours London
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London Listing
• Access to global
capital
• Lower cost
• Lower risk
• Faster to market
• Intelligent
regulation
New York Listing
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Higher cost
Slower to market
Higher risk
Sarbanes Oxley
Section 404
Class actions