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BSE-USE Merger Gets SEBI And CCI Approval

Ashish Chauhan, MD and CEO of BSE -

Ashish Chauhan, MD and CEO of BSE -

Securities and Exchange Board of India (SEBI) and Competition Commission of India (CCI) have granted approval to the proposed merger of United Stock Exchange of India Limited (USE) with BSE Limited. The application for the merger of USE with BSE has also been filed before the Hon’ble Bombay High Court for its approval.

Popularly known as Asia’s first & India’s fastest stock exchange, BSE was established in 1875. BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is one of India’s leading exchange groups. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, mutual funds, SME platform. BSE’s popular equity index - the S&P BSE SENSEX - is India’s most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa). With more than 5400 companies listed on BSE, BSE is the world’s No. 1 exchange in terms of listed companies. Recently with the upgradation of new trading software from Deutsche Borse AG, BSE has become the fastest stock exchange in the country with response times of less than 200 microseconds.

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