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.
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 1996-97, the turnover was Rs.4300 crores and it grew to Rs.8300 crores in 1997-98.
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.
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.
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.
Bangalore Stock Exchange Ltd.
Stock Exchange Towers
No.51, 1st Cross, J C Road
Bangalore - 560 027
India