Major Stock Exchanges
1] Stock Exchanges India
BSE (Bombay Stock Exchange)
• Bombay Stock Exchange Limited is the oldest stock exchange in Asia with a rich heritage.
• BSE has over 874 members-brokers across the country.
• Bse is the oldest stock exchange in asia, 3rd largest in asia behind Tokyo Stock Exchange, Shanghai stock exchange and Hong Kong Stock exchange.
• BSE and members join market segments as Trading Members, Trading cum Clearing Members, Professional clearing member etc.
NSE (National Stock Exchange)
• The National Stock Exchange of India
• NSE has more than 1000 members.
• In NSE, a prospective trading member is admitted to combinations of market segments such as Wholesale Debt Market segment, Capital Market (CM) and the Futures and Options segments, CM Segment and the WDM segment etc. There is no such thing at BSE and members join as any of the following : Trading Members, Trading cum Clearing Members, Professional clearing member, Limited trading member and Self Clearing member.
Differences
• BSE is 11th largest stock exchange and NSE is 12th.
• BSE has market capitalization of approx. 1.4 trillion dollar and NSE of 0.98 trillion
• BSE has more members(four fold of NSE)
• Main indices are BSE– SENSEX and NSE- S & P CNX NIFTY
2]Stock exchanges in AMERICA
NASDAQ
• A global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks.(Securities here refer to stocks)
• Stands for National Association of Securities Dealers Automated Quotation (NASDAQ)
• Started to enable investors to trade securities on a computerized, speedy and transparent system
• Index of more than 3,000 stocks listed on the Nasdaq exchange that includes the world’s foremost technology and biotech giants such as Apple, Google, Microsoft, Oracle, Amazon, Intel and Amgen.
• The rapid evolution of technology has made the Nasdaq’s electronic trading model the standard for markets worldwide.
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NYSE
• The New York Stock Exchange (NYSE), sometimes known as the "Big Board",[4] is an American stock exchange located at Wall Street, New York, United States.
• It is by far the world's largest stock exchange by market capitalization of its listed companies at US$16.613 trillion as of May 2013.[1] Average daily trading value was approximately US$169 billion in 2013.
• The NYSE is owned by IntercontinentalExchange, a American holding company it also lists.
• The New York Stock Exchange provides a means for buyers and sellers to trade shares of stock in companies registered for public trading.
• As of January 24, 2007, all NYSE stocks can be traded via its electronic hybrid market (except for a small group of very high-priced stocks). Customers can now send orders for immediate electronic execution, or route orders to the floor for trade in the auction market.
• In the mid-1960s, the NYSE Composite Index (NYSE: NYA) was created, with a base value of 50 points . This was done to reflect the value of all stocks trading at the exchange instead of just the 30 stocks included in the Dow Jones Industrial Average. To raise the profile of the composite index, in 2003 the NYSE set its new base value of 5,000 points equal to the 2002 yearly close. Its close at the end of 2013 was 10,400.32.
• The NYSE's opening and closing bells mark the beginning and the end of each trading day. The 'opening bell' is rung at 9:30 AM ET to mark the start of the day's trading session. At 4 PM ET the 'closing bell' is rung and trading for the day stops
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