916222 Cnx Nifty Gyana

8/14/2019 916222 Cnx Nifty Gyana

1/9

The OrganisationThe National Stock Exchange of India Limited has genesis in the report of the High Powered

Study Group on Establishment of New Stock Exchanges, which recommended promotion of a

National Stock Exchange by financial institutions (FIs) to provide access to investors from all

across the country on an equal footing. Based on the recommendations, NSE was promoted by

leading Financial Institutions at the behest of the Government of India and was incorporated in

November 1992 as a tax-paying company unlike other stock exchanges in the country.

On its recognition as a stock exchange under the Securities Contracts (Regulation) Act, 1956

in April 1993, NSE commenced operations in the Wholesale Debt Market (WDM) segment in

June 1994. The Capital Market (Equities) segment commenced operations in November 1994

and operations in Derivatives segment commenced in June 2000.

Our Logo

The logo of the NSE symbolises a single nationwide securities trading facility ensuring equal

and fair access to investors, trading members and issuers all over the country. The initials of

the Exchange viz., N, S and E have been etched on the logo and are distinctly visible. The logo

symbolises use of state of the art information technology and satellite connectivity to bring

about the change within the securities industry. The logo symbolises vibrancy and unleashing

of creative energy to constantly bring about change through innovation.


2/9


3/9

NCCLNational Commodity Clearing LimitedIn order to harness its expertise in the area of Clearing and Settlement activities and in

keeping pace with the growing commodity markets in India and to provide a special thrust and

focus on the Clearing & Settlement needs of the commodity markets, a subsidiary company,

namely, National Commodity Clearing Limited (NCCL) has been incorporated jointly between

NSE and NCDEX. Presently, the Company provides IT and process support in respect of

clearing & settlement needs of NCDEX.

NSETECH

NSE Infotech Services Limited

Information Technology has been the backbone of conceptualization, formation, running and

the success of National Stock Exchange of India Limited (NSE). NSE has been at the forefrontin spearheading technological changes in the securities market. It was important to give a

special thrust and focus on Information Technology to retain the primacy in the market.

Towards this, a wholly owned subsidiary, namely, NSE Infotech Services Limited (NSETECH)

has been incorporated to cater to the needs of NSE and all its group companies, exclusively.

IISLIndia Index Services & Products Ltd. (IISL)India Index Services and Products Limited (IISL), a joint venture between NSE and CRISIL

Ltd. (formerly the Credit Rating Information Services of India Limited), was set up in May

1998 to provide a variety of indices and index related services and products for the Indian

capital markets. It has a consulting and licensing agreement with Standard and Poor's (S&P),

the world's leading provider of investible equity indices, for co-branding equity indices.

IISL provides a broad range of services, products and professional index services. It maintains

over 80 equity indices comprising broad-based benchmark indices, sectoral indices and


4/9

customised indices. Many investment and risk management products based on IISL indices

have been developed in the recent past, within India and abroad. These include index based

derivatives traded on NSE and Singapore Exchange (SIMEX) and a number of index funds.

NSE.ITNSE.IT Ltd.NSE.IT, a 100% subsidiary of National Stock Exchange of India Limited (NSE), is the

information technology arm of the largest stock exchange of the country. A leading edge

technology user, NSE houses state-of-the-art infrastructure and skills. NSE.IT possesses the

wealth of expertise acquired in the last six years by running the trading and clearing

infrastructure of largest stock exchange of the country. NSE.IT is uniquely positioned to

provide products, services and solutions for the securities industry. There has been a long felt

need for top-of-the-line products, services and solutions in the area of trading, broker front-end and back-office, clearing and settlement, web-based trading, risk management, treasury

management, asset liability management, banking, insurance etc. NSE.IT's expertise in these

areas is the primary focus. The company also plans to provide consultancy and

implementation services in the areas of Data Warehousing, Business Continuity Plans, Stratus

Mainframe Facility Management, Site Maintenance and Backups, Real Time Market Analysis &

Financial News over NSE-Net, etc.

NSE.IT is an Export Oriented Unit with STP and plans to go global for various IT services in

due course. In the near future the company plans to release new products for Broker Back-

office Operations and enhance NeatXS / Neat iXS to support Straight Through

DotEx Intl. Ltd.DotEx International LimitedDotEx was formed to provide world-class internet trading platforms which allows members of

NSE to offer online trading facilities to their customers. Members of NSE can service a larger

clientele by using the automated risk management features and thus increase volumes.

Investors get comprehensive and updated information necessary to trade, along with a single-

click convenience to fulfil their obligations. The initial offering of DotEx is DotEx Plaza where

multiple market participants such as members of NSE, depository participants and banks can

offer web-based services to their customers. As a neutral aggregator and infrastructure

provider, DotEx offers choice and convenience to investors.

DotEx was a joint venture between i-flex Solutions Ltd. and NSE.IT Ltd. Recently NSE has

taken over the shareholding and management of DotEx.

DotEx products may be classified under the following broad categories:


5/9

Equity Trading Module

F&O Trading Module

NSDLIn order to solve the myriad problems associated with trading in physical securities, NSE

joined hands with the Industrial Development Bank of India (IDBI) and the Unit Trust of India

(UTI) to promote dematerialisation of securities. Together they set up National Securities

Depository Limited (NSDL), the first depository in India.

NSDL commenced operations in November 1996 and has since established a national

infrastructure of international standard to handle trading and settlement in dematerialised

form and thus completely eliminated the risks to investors associated with fake/bad/stolen

paper.

NSE MilestonesNovember 1992 Incorporation

April 1993 Recognition as a stock exchange

May 1993 Formulation of business plan

June 1994 Wholesale Debt Market segment goes live

November 1994 Capital Market (Equities) segment goes live

March 1995 Establishment of Investor Grievance Cell

April 1995 Establishment ofNSCCL, the first Clearing Corporation

June 1995 Introduction of centralised insurance cover for all trading members

July 1995 Establishment of Investor Protection Fund

October 1995 Became largest stock exchange in the country

April 1996 Commencement of clearing and settlement by NSCCL

April 1996 Launch ofS&P CNX Nifty

June 1996 Establishment of Settlement Guarantee Fund

November 1996Setting up ofNational Securities Depository Limited, first depository in

India, co-promoted by NSE

November 1996 Best IT Usage award by Computer Society of India

December 1996 Commencement of trading/settlement in dematerialised securities

December 1996 Dataquest award for Top IT User


6/9

December 1996 Launch ofCNX Nifty Junior

February 1997 Regional clearing facility goes live

November 1997 Best IT Usage award by Computer Society of India

May 1998Promotion of joint venture, India Index Services & Products Limited

(IISL)

May 1998 Launch of NSE's Web-site: www.nse.co.in

July 1998 Launch ofNSE's Certification Programme in Financial Market

August 1998 CYBER CORPORATE OF THE YEAR 1998 award

February 1999 Launch of Automated Lending and Borrowing Mechanism

April 1999 CHIP Web Award by CHIP magazine

October 1999 Setting up ofNSE.IT

January 2000 Launch ofNSE Research Initiative

February 2000 Commencement ofInternet Trading

June 2000 Commencement of Derivatives Trading (Index Futures)

September 2000 Launch of'Zero Coupon Yield Curve'

November 2000Launch of Broker Plaza by Dotex International, a joint venture between

NSE.IT Ltd. and i-flex Solutions Ltd.

December 2000 Commencement ofWAP trading

June 2001 Commencement of trading in Index Options

July 2001 Commencement of trading in Options on Individual Securities

November 2001 Commencement of trading in Futures on Individual Securities

December 2001 Launch ofNSE VaR for Government Securities

January 2002 Launch ofExchange Traded Funds (ETFs)

May 2002NSE wins the Wharton-Infosys Business Transformation Award in the

Organization-wide Transformation category

October 2002 Launch ofNSE Government Securities Index

January 2003 Commencement of trading in Retail Debt Market

June 2003 Launch ofInterest Rate Futures

August 2003 Launch of Futures & options in CNXIT Index

June 2004 Launch of STP Interoperability

August 2004 Launch of NSEs electronic interface for listed companies

March 2005 India Innovation Award by EMPI Business School, New Delhi


7/9

June 2005 Launch of Futures & options in BANK Nifty Index

December 2006 'Derivative Exchange of the Year', by Asia Risk magazine

January 2007 Launch of NSE CNBC TV 18 media centre

March 2007 NSE, CRISIL announce launch of IndiaBondWatch.com

June 2007 NSE launches derivatives on Nifty Junior & CNX 100

October 2007 NSE launches derivatives on Nifty Midcap 50

Board of Directors1 Mr. S. B. Mathur

Administrator of the Specified Undertaking ofUnit Trust of India

Chairman

2 Mr. Ravi Narain

National Stock Exchange of India Ltd.

Managing Director

3 Ms. Chitra Ramkrishna

National Stock Exchange of India Ltd.

Deputy Managing Director

4 Mr. C. Achuthan

Former Presiding Officer

Securities Appellate Tribunal

Director

5 Mr. Anjan Barua

Chief General Manager (Treasury)

State Bank of India

Director

6 Mr. Nelson Chai

Executive Vice President & CFO

NYSE Group, Inc.

Director

7 Rear Admiral Madan Mohan Chopra

AVSM(Retd.)

Director

8 Dr. Vijay Kelkar

Chairman,

IDFC Private Equity Company Limited

Director

9 Mr. A. P. Kurian

Chairman

Association of Mutual Funds in India

Director

10 Dr. Rajiv B. Lall

Managing Director & CEO

Infrastructure Development Finance Company Limited

Director


8/9

11 Mr. Anand G. Mahindra

Vice Chairman & Managing Director

Mahindra & Mahindra Ltd.

Director

12 Mr. Y. H. Malegam

Chairman Emeritus,

M/s. S.B. Billimoria & Co.Chartered Accountants

Director

13 Prof. (Dr.) K.R.S.Murthy

Professor and Former Director

Indian Institute of Management, Bangalore

Director

14 Dr. R. H. Patil

Chairman

The Clearing Corporation of India Ltd.

Director

15 Dr. V. A. Sastry Director

16 Mr. Onkar Nath SinghEx-Chairman & Managing Director

Industrial Investment Bank of India Ltd.

Director

17 Mr. Justice B.N.Srikrishna (Retd.)

Former Judge, Supreme Court of India

Director

18 Mr. T.S. Vijayan

Chairman

Life Insurance Corporation of India

Director

Promoters

NSE has been promoted by leading financial institutions, banks, insurance companies and

other financial intermediaries:

Industrial Development Bank of India Limited

Industrial Finance Corporation of India Limited

Life Insurance Corporation of India

State Bank of India

ICICI Bank Limited

IL & FS Trust Company Limited

Stock Holding Corporation of India Limited

SBI Capital Markets Limited

Bank of Baroda

Canara Bank

General Insurance Corporation of India

National Insurance Company Limited

The New India Assurance Company Limited

The Oriental Insurance Company Limited

United India Insurance Company Limited

Punjab National Bank

Oriental Bank of Commerce


9/9

Indian Bank

Union Bank of India

Infrastructure Development Finance Company Ltd.

Collected By:

Gyana Ranjan Nayak

Documents

916222 Cnx Nifty Gyana