There are 23 stock exchanges in India.

Among them two are national level stock exchanges namely Bombay Stock Exchang (BSE) and National Stock Exchange of India (NSE). The rest 21 are Regional Stock Exchanges (RSE). List of Regional Stock Exchanges in India Ahmedabad Bangalore Bhubaneshwar Calcutta Cochin Coimbatore Delhi Guwahati Hyderabad Jaipur Ludhiana Madhya Pradesh Madras Magadh Mangalore Meerut OTC Exchange Of India Pune Saurashtra Kutch UttarPradesh Vadodara
The Stock Exchange - Ahmedabad is the second oldest exchange of India. It was constituted in the year 1894 as a Public Charitable Trust. Ahmedabad Stock Exchange (ASE) started under a banyan tree and therefrom progressed year after year. It holds a unique place in India. Ahmedabad Stock Exchange got the permanent recognition from the Government of India in 1982. The era of 80s and 90s saw some major focus in the exchange. A proper infrastructure was build up and the exchage was completely computerised. The exchange went live on screen based trading on December 12, 1996. Currently there are 333 trading members in the exchange to serve the investors with one of the best transparent trading system in India. The trading of approximately 2000 nationally listed equities are done in the exchange. Over 200 high growth companies listed in the ASE or with other exchanges are also traded here. Ahmedabad Stock Exchange Management The ASE constitutes of a team of dedicated employees who carry out the different functions of the exchange. It is governed by the governing board with the help of set Rules, bye-laws and Regulations. The board constitute of Elected Directors and Non-elected Directors i.e. Public Representatives and

SEMI Nominees in equal ratio. The Executive Director remains the Administrative Head. The board meets at an interval of 15 days to review the working of the exchange in the said period. The board takes strategic decisions, frames policies for the betterment of the exchange

Bangalore Stock Exchange (BgSE) started functioning from 1963 and it is currently the largest stock exchange in South India. There are 595 listed companies with more than 300 non-regional companies in it. Over 5000 companies from listed and permitted category can be traded at the exchange at present. Bangalore Stock Exchange is managed by the Council of Management which consists of members being nominated by SEBI, public representatives, elected members and Executive Director. At present the exchange has about 239 members. 25% of the total are corporate members. Bangalore Stock Exchange Automated Trading BgSE was the first exchange in the Southern India which started electronic trading of securities. Started in 1996, Bangalore Electronic Securities Trading (BEST) system provides an automatic order matching facilities in trades. When trade takes place, the system generates unique trade number and execution time with complete reliability and transparency in the dealing. The new system of trading resulted in a sharp growth in the volumes of shares being traded on the exchange. The growth was seen in the turnover which had a 97% leap in one year. In 199697, the turnover was Rs.4300 crores and it grew to Rs.8300 crores in 1997-98. Ads by Google Brown Girl Surf T-Shirts Designed by Women Artists -. In Support of Women and Girls - www.browngirlsurf.com Online Forex Trading 400 Times Bigger Than Share Trading. Register Now & Try For Free! - www.fxcentral.net Automated Trading IBFX AU Supports Algo Trading.. Test with a Free Demo Account - www.IBFX.com.au Bangalore Stock Exchage Investor Services Centre To support the investors in resolving their grievances, the exchange has taken an initiative of establishing an Investor Services Centre. To resolve the problems, the cell co-ordinates with the companies, members and investors. It also offers counselling services to the investors. The cell comprises of Public Representatives, members, Vice-President and Executive Director. They look after the functioning of the centre and also take appropriate steps for resolving the grievances. To make investors reach the Service Centre, the same has also been set up at Mysore, Shimoga and Davangere and proposals are there to open at other leading commercial points of Karnataka. Bangalore Stock Exchage Library

BgSE has also maintains a well equipped library and Investor Information Centre. It caters to the varied information needs of the investors, corporates, members and others. The library has a good collection of books, periodiacals, journals, annual reports, prospectus a wide range of research publications relating to the Capital Market.
Bhubaneshwar Stock Exchange Association Ltd. (BhSE) came into existance in the year 1989. It has been registered under the Companies Act, 1956 as a company limited by guarantee. By 1999-2000, the exchange had a total of 234 brokers, out of which 15 were corporate brokers. Among 234 brokers, it was further classified as 209 proprietors and 15 corporate brokers. Then, there were only 17 sub-brokers registered. On 15th September, 2005, SEBI approved the corporatisation and demutualisation schemes of the Bhubaneshwar Stock Exchange which were required in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956. Calcutta Stock Exchange (CSE) started way back in 1830 under a "Neem Tree." Today CSE has emerged as the second largest bourse in India. In May 1908, the group formed an association and named it as we know it today at 2, China Bazar Street. The Association was registered as a limited liability concern on June 7, 1923 with an authorized capital of Rs. 3 lakhs duly divided into 300 shares of Rs. 1,000 each. The shares were further subdivided into 4 shares of Rs. 250 each in the year 1959. CSE was incorporated in the year 1908 with 150 members. At present, the membership has reached above 900 with several corporate and institutional members. More than 3,500 companies has been listed to the exchange. With effect from April 14, 1980, CSE was granted permanent recognition by the Central Government under the relevant provisions of the Securities Contracts (Regulation) Act, 1956. Main Objects of CSE To facilitate, promote, assist, regulate and manage in the public interest, dealings in securities of all kinds [ which shall include all securities defined as such under the Securities Contracts (Regulations) Act, 1956 and all other instruments of any kind including money market instruments] and to provide specialised, advanced, automated and modern facilities for trading, clearing and settlement of securities, with a high standard of integrity and honour, and to ensure trading in a transparent, fair and open manner with access to investors from areas in or outside India. To initiate, facilitate and undertake all steps of all such activities in relation to Stock Exchange, Commodity Markets, Money Markets, Financial Markets, Securities Markets, Capital Markets, as are required for better investor's service and protection, including but not limited to; taking measures for ensuring greater liquidity (both in terms of breadth and depth of securities) for the investor, providing easier access to the Exchange, facilitating inter-market dealings and generally to facilitate transactions in

securities in a cost effective, expeditious and efficient manner. To support, develop, promote and maintain a healthy market in the best interests of the investor and the general public and the economy and to introduce high standards of professionalism among themselves and with investors and the financial securities, commodity, money and capital markets in general.

Cochin Stock Exchange (CSE) is counted among one of the premier Stock Exchanges in India. It was established in 1978 and had undergone tremendous transformation over the years. In 1978, it had only 5 companies listed and had only 14 members. Currently, it has 508 members and 240 listed companies. Cochin Stock Exchange went for computerization of its offices in 1989. To keep pace with the market, it took various initiatives, one such initiative was trading dematerialised shares. It introduced the facility of computerised trading known as "Cochin Online Trading" (COLT) on March 17, 1997. It also became one of the promoters of the Interconnected Stock Exchange of India (ISE). The basic idea of ISE was to consolidate the smaller and fragmented markets which are less liquid into a national level integrated liquid market. Goals of Cochin Stock Exchange

To provide investors a high level liquidity where the cost and time in the entry and exit from the market becomes the least. To provide a high tech solutions and absolute transparency of all the operations, to the extent of possibilities. To built an infrastructure for the capital market by turning it into a financial super market. To spread equity cult and serve the investors of the region. To provide professional stock broking and investment management function. To impart capital market knowledge to all its intermediaries on a continuous basis. To develop a winning team of professionals, be it as employees of the exchange to play a crucial role in shaping the future of the exchange and its associates.

Coimbatore Stock Exchange Limited (CSX) is the youngest stock exchange in India. It was founded by K.G. Balakrishnan. It is now governed by the Governing Body which consists of the member brokers. Currently the staff strength is fifty. The exchange also have Screen Based Trading (SBT) system which commenced operations on 9th of October, 1996. The system is equiped to handle 25,000 traders per day and 400 members. Each member has been given a computer terminal which is connected in a Local Area Network (LAN).

The Delhi stock Exchange Association Limited (DSE) was incorporated on June 25, 1947. The exchange is an amalgamation of Delhi Stock and Share Brokers' Association Limited and the Delhi Stocks and Shares Exchange Limited. It is India's fifth exchange. The exchange is one of the premier Stock Exchange in India. The Delhi Stock Exchange is well connected to 50 cities with terminals in North India.

The exchange is having over 3,000 listed companies. It has received the market regulator's permission from BSE and has become its member. Now it facilitates the DSE members to trade on the BSE terminals. The exchange is also considering the same from NSE. DSE Dematerialised Trading Delhi Stock Exchange has tied up with the National Security Depository Limited (NSDL) and commenced trading in dematerialised shares with effect from September, 1988. However, the option for delivering shares either in physical or demat form started from November 1998.
The Guwahati (Gauhati) Stock Exchange (GSE) was incorporated on 29th of November, 1983 and it was recognised by the Government of India on 1st of May, 1984. The GSE is limited by guarantee by the member-brokers. By 1999-2000, the exchange had a total of 206 brokers, out of which 5 were corporate brokers. Among 206 brokers, it was further classified as 200 proprietor brokers, 1 partnership broker and 5 corporate brokers. Then, there was only 4 sub-brokers registered. Currently there are 290 companies listed in the GSE. he Hyderabad Stock Exchange Limited (HSEL) was established on the year 1944. It was registered under the Companies Act, 1956 as a company limited by guarantee. By 1999-2000, the exchange had a total of 310 brokers, out of which 102 were corporate brokers. Among 310 brokers, it was further classified as 202 proprietor broker, 6 partnership broker and 102 corporate broker. Then, there was only 198 sub-brokers registered. According to the povision of the Securities Contracts (Regulation) Act, it is now corporatised and demutualised. SEBI has approved the scheme in September, 2005. Among other things, the scheme provides for the re-registration of the exchange as a company limited by, the segregation of ownership and management from the trading rights of members, restrictions on voting right of shareholders who are also trading member, composition of the Governing Board, etc. Jaipur Stock Exchange is the third largest exchange in India in terms of membership. It was established in the year 1989. In the same year, the exchange was granted recognition in the month of January and the commencement of business took place from the month August, 1989. Within seven years of its incorporation, i.e. by January'96, the exchange managed to attract 750 companies who were listed on the exchange. Then the volume of the daily turnover rose to an average of Rs.80 million. Jaipur Stock Exchange was one of the 15 regional Stock Exchanges which promoted the Inter-connected Stock Exchange of India Ltd. by paying the Initial Capital of Rs.1 crore (Rs.5 lakhs as admission fee and Rs.95 lakhs as infrastructure fee). Ludhiana Stock Exchange Association Limited (LSE) was established in the year 1983. By 1999-2000, the exchange had a total of 284 brokers, out of which 79 were corporate brokers. Among 284 brokers, it was further classified as 212 proprietor brokers, 2 partnership brokers and 70 corporate brokers. Then, there were only 23 sub-brokers registered. Ludhiana Stock Exchange became the second bourse in India to introduce modified carryforward system after BSE on April 6, 1998. On the same date, LSE also introduced a settlement guarantee fund (SGF).

The SGF guarantees settlement of transactions and the carryforward facility provides liquidity to the market. LSE became the first in India to start LSE Securities Ltd., a 100% owned subsidiary of the exchange. The LSE Securities got the ticket as sub-broker of the NSE. In 1998, the exchange also got permission to start derivative trading. For the settlement of dematerialised securities, the Ludhiana Stock Exchange has also been linked up with National Securities Depository Ltd. (NSDL). Madhya Pradesh Stock Exchange, set up as 'association of persons', is on the verge to get incorporated as a 'for-profit company limited' by the shares and demutualisation. With this, the ownership and management will be segregated from their trading rights. Then, there will only exist one class of trading members who will be enjoying similar rights and privileges. A uniform standard will be maintained in terms of the capital adequacy, deposits and fees for admitting any one as a trading member or for accepting his surrender. Voting rights of the shareholders, also trading members, will be limited to 5% and people who are not shareholders but having trading rights will hold minimum of 51% of equity stake of the corporatised and demutualised stock exchange. In 1999-2000, Madhya Pradesh Stock Exchange Ltd. (MPSE) had a total of 187 brokers, out of which 28 were corporate brokers. Among 187 brokers, it was further classified as 155 proprietor brokers, 4 partnership brokers and 28 corporate brokers Then, there were only 5 sub-brokers registered. The Madras Stock Exchange (MSE) has a history from 1920 when the exchange had 100 members. The boom period of the exchange faded out and the membership was reduced to only 3 by 1923. Good days returned back in September, 1937 and the exchange was once again organised as Madras Stock Exchange Association (Pvt.) Limited catered to mills and plantations in the area. In 1957, the name was again changed to Madras Stock Exchange Limited. On August 21, 1998, the exchange was approved with SGF Schemes by SEBI. With a pale shadow in the past. Madras Stock Exchange managed to have a turnover of Rs.109 crores in the year 2001. Magadh Stock Exchange Association (MSEA) was established in the year 1986 at Patna. MESA was registered under the Companies Act, 1956 as a company limited by guarantee. Within four years, i.e. by 1999-2000, the exchange had a total of 199 brokers, out of which 15 were corporate brokers. Among 199 brokers, it was further classified as 183 proprietor brokers, 1 partnership broker and 5 corporate brokers. Then, there were only 2 sub-brokers registered. The company was corporatised and demutualised on September, 2005 in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956. Magadh Stock Exchange signed a memorandum of understanding with the Calcutta Stock Exchange which enables MSE to provide online CSEs trading facility to its brokers in Patna. The Mangalore Stock Exchange (MgSE) was incorporated on 31st of July, 1984 as a public limited company. The company was granted recognition as a stock exchange on Sebtember 9, 1985 under section 4 of the Securities Contracts (Regulation) Act, 1956.

On 28th September, 2001, Chief Minister S.M. Krishna laid the foundation stone of a new building of Mangalore Stock Exchange at Kulur. MgSE was granted three acres of land by the state government. The recognition of the Mangalore Stock Exchange was granted renewal from time to time since 1985. The last recognition was valid up to September 8, 2003. On August 31, 2004, SEBI decided to derecognise the Mangalore Stock Exchange. In case of de-recognition, the companies listed in the MgSE can consider seeking listing at other stock exchanges or can opt for exit option to the shareholders as per the Delisting Guidelines of SEBI. Upon de-recognition, the members or the shareholders of MgSE will cease to be members of any recognised stock exchange and therefore will be liable to be de-registered. Hence, their certificate of registration will stand automatically cancelled. Meerut Stock Exchange is one of the well known Regional Stock Exchange in India. It has been registered under the Companies Act, 1956. The exchange is modelled to provide a high level liquidity to its investors, to spread equity cult in the region, to impart capital market knowledge to all its intermediaries and to develop a winning team of professionals. Over-the-Country Exchange of India (OTCEI) was incorporated in the year 1990 as a Section 25 company under the Companies Act 1956. It is recognised by the Securities Contracts Regulation Act, 1956 as a stock exchange. The purpose of the formation of OTCEI was to aid enterprising promoters in raising finance for new projects in a cost effective manner and to provide transparent and efficient mode of trading to the investors. It is modelled along the lines of the NASDAQ market and has introduced several novel concepts to the Indian capital markets, like screen-based nationwide trading, sponsorship of companies, market making and scripless trading. Presently the exchange has 115 listings and has helped in providing capital for enterprises which have walked on to build successful brands for themselves. They are VIP, Advanta, Sonora Tiles & Brilliant mineral water, etc. Pune Stock Exchange (PSE) was established on 2nd September, 1982 with only 35 members. It is a company limited by guarantee. Initially, the exchange had only a few lakh rupees business but now it is having Rs.15-20 crores of business daily with a members strength extended to 185. More than 310 companies are listed with Pune Stock Exchange. Based on VECTOR (Versatile Engine for Centraliseed Trading and On-line Reporting), the exchange is successfully using a screen based Trading System. At present it covers, 183 broker members and 9 workstations for the administration, Market Operations and Surveillance activities of the exchange. Pune Stock Exchange is looking for the possibilities of widening its activities to several parts of Pune city and other cities like Satara, Sangli, Solapur, Kolhapur, Ahmednagar, Aurangabad, Nasik and Mumbai. The Saurashtra Kutch Stock Exchange Ltd. (SKSE) was established in 1989 at Rajkot. Initially, it was registered under the Companies Act, 1956 as a company limited by guarantee. Later on 16th of March, 2005 it was re-registered as a company limited by shares vide certification of incorporation. By 1999-2000, the exchange had a total of 445 brokers, out of which 64 were corporate brokers. Among 445 brokers, it was further classified as 379 proprietor brokers, 2 partnership brokers and 64 corporate brokers.

Uttar Pradesh Stock Exchange Association Ltd. was inaugurated on 27th August, 1982 and occupies one of the prominent place among the Stock Exchanges in India. It plays an important role in the development of the capital market of North India. Initially, it had only 350 members which has grown up to 540 at present. The membership is open to companies even beyond the territories of Uttar Pradesh. Currently, the exchange has 843 listed companies with a total capitalisation of Rs.81184 crores. The annual turnover of the exchange for three consecutive years are as follows: 1998-99 : 18429 Crores 1999-2000 : 23876 Crores 2000-01 : 25112 Crores Additional Trading Floor-Lucknow of UPSE The Additional Trading Floor-Lucknow, also known as ATF-Lucknow, is the first additional trading floor in India. The motto of this set up is to further increase business and to provide online trading facility to Lucknow based members. It commenced online trading from 24th March, 1999. Currently, 22 members have been allotted computer terminal in Lucknow which is connected with the UPSE main Server via VSAT. At present, 13 of them are taking part in the trading Vadodara Stock Exchange Limited (VSE) was established in 1990 at Baroda. It is the third stock exchange in the state of Gujarat after Ahmedabad and Rajkot. million. By 1999-2000, the exchange had a total of 321 brokers, out of which 65 were corporate brokers. Among 321 brokers, it was further classified as 253 proprietor brokers, 3 partnership brokers and 65 corporate brokers. Then, there were only 85 sub-brokers registered.