Here’s a brief timeline of the Bombay Stock Exchange (BSE), highlighting its key milestones:
1800s: Origins
- 1855: Informal stockbroking began under a banyan tree in Mumbai.
- 1875: Formation of the Native Share and Stock Brokers Association, marking the official inception of what would later become the BSE. This makes it Asia’s first stock exchange.
1900s: Establishment and Growth
- 1928: BSE moved to Dalal Street, which remains its iconic location today.
- 1957: Recognized by the Indian government under the Securities Contracts (Regulation) Act, 1956, becoming the first stock exchange in India to be officially recognized.
1980s–1990s: Technological Advancements
- 1986: Introduction of the BSE SENSEX, India’s first equity index, tracking the performance of 30 well-established companies.
- 1995: Transition to an electronic trading system, replacing the open-outcry floor trading system.
- 1997: Launch of the BSE Online Trading (BOLT) system, significantly enhancing trading speed and efficiency.
2000s: Modernization
- 2001: BSE introduced Derivatives Trading.
- 2005: BSE transformed into a corporate entity under the name Bombay Stock Exchange Limited.
- 2008: BSE launched the SME Exchange, catering to small and medium enterprises.
2010s: Expanding Horizons
- 2012: Introduction of the BSE Green Index to promote environmentally sustainable investing.
- 2017: BSE became the first Indian exchange to go public, listing its shares on the National Stock Exchange (NSE).
- 2018: BSE set a Guinness World Record for hosting the largest-ever trading session, with 7,577 participants.
2020s: Digital Transformation
- 2020: Introduced BSE STAR MF, becoming the largest platform for mutual fund distribution in India.
- 2021: Became the world’s fastest stock exchange, achieving a median trade speed of 6 microseconds.
Legacy
BSE remains a cornerstone of India’s financial markets, facilitating growth, innovation, and investment for nearly 150 years. Its influence extends globally, as it continues to adapt to evolving market demands.
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