Cochin Stock Exchange

Cochin Stock Exchange was established in 1978.{{cite web |url=http://www.cochinstockexchange.com/CSE/profile.html |title=Cochin Stock Exchange Profile |access-date=28 July 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20100729205828/http://www.cochinstockexchange.com/CSE/profile.html |archivedate=29 July 2010 }}

During the 1990s, it was the fourth largest exchange in India by turnover, with a daily turnover of {{INR}}70–{{INRConvert|100|c|year=1995}}, with 476 Indian companies listed.{{Cite web |url=http://www.cochinstockexchange.com/rates/closert.txt |title=Cochin Stock Exchange Ltd.-Subsidiary |access-date=28 July 2010 |archive-url=https://web.archive.org/web/20110212193208/http://www.cochinstockexchange.com/rates/closert.txt |archive-date=12 February 2011 |url-status=dead }}

Computerized trading was introduced in 1997. The major back office system software used are NESS and BOSS respectively for NSE and BSE. The trading software used in CSBL was Multex, developed by CMC.{{cite news | url=http://www.tribuneindia.com/2000/20000723/ldh1.htm | title=LSE Roundup | date=23 July 2000 | newspaper=The Tribune | location=India | accessdate=3 May 2018 }} Traders are provided Meta Stock and ERS software, trading terminals and optical fiber connections.{{cite web |url=http://www.cochinstockexchange.com/CSE/departments/systemsdep.html |title=Cochin Stock Exchange Departments Systems |accessdate=28 July 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20100729124117/http://www.cochinstockexchange.com/CSE/departments/systemsdep.html |archivedate=29 July 2010 }} DP holdings are maintained by demat services like CDSL.

The new millennium saw the stock exchange building being shifted from the old structure to a brand new building in the Kaloor area in northern Kochi.

Trading hours historically used to begin late in the afternoon enabling access to traders from other regions of the state. Base Minimum Capital required to be maintained is Rs. 2 lakhs.{{cite web |url=http://www.cochinstockexchange.com/CSE/membership.html |title=Cochin Stock Exchange Membership |accessdate=28 July 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20100803022059/http://www.cochinstockexchange.com/CSE/membership.html |archivedate=3 August 2010 }}

The securities scam of the early nineties led the Securities and Exchange Board of India (SEBI) regulations on stock exchanges requires separation of ownership and trading rights and made it mandatory for majority ownership rests with the public, those without any trading rights.{{cite web |url=http://www.cochinstockexchange.com/cse/interpre.pdf |title=Archived copy |accessdate=28 July 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20091116164910/http://www.cochinstockexchange.com/cse/interpre.pdf |archivedate=16 November 2009 }}

The exchange stopped trading in 2005, and closing procedures after the SEBI introduced a minimum net worth requirement of {{INRConvert|100|c|year=2013}} and a turnover of {{INRConvert|1000|c|year=2013}} for stock exchanges to continue operation in 2013. It was in the final stages of closure by May 2014.{{cite news|last=Joseph|first=George|url=http://www.business-standard.com/article/markets/cochin-stock-exchange-exit-in-final-stages-114052901073_1.html|archiveurl=https://web.archive.org/web/20140531033610/http://www.business-standard.com/article/markets/cochin-stock-exchange-exit-in-final-stages-114052901073_1.html|archivedate=31 May 2014|date=29 May 2014|accessdate=18 May 2015|url-status=live|newspaper=Business Standard|location=Kochi|title=Cochin Stock Exchange exit in final stages}}

Industrialisation did not happen in Kerala to the extent as in other Indian states. The reasons for the failure to attract manufacturing industries was due to the political climate and the lack of resources in a small state with such a large population density. The stock exchange served as a channel for investors to find investment opportunities.{{cite journal|jstor=4395768 | volume=25 | pages=17–19 | title=Of Cochin Stock Exchange and What It Means| last1=Ram Mohan | first1=K. T. | last2=Ravi Raman | first2=K. | journal=Economic and Political Weekly | year=1990 | issue=1 }}

Cochin Stock Brokers Limited (CSBL) previously wholly owned by Government of India, is a corporate member of the National Stock Exchange of India and the Bombay Stock Exchange, enabling CSBL users to have trading facilities in these listings.{{cite web |url=http://www.cochinstockexchange.com/CSBL/ABOUT_CSBL.HTML |title=Cochin Stock Exchange |accessdate=28 July 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20100812042830/http://www.cochinstockexchange.com/CSBL/ABOUT_CSBL.HTML |archivedate=12 August 2010 }}

CSE Institute is an organisation that provides stock market training for investors.

• List of Asian stock exchanges
• List of stock exchanges in the Commonwealth of Nations

{{Reflist}}

• [https://web.archive.org/web/20060424135328/http://www.cochinstockexchange.com/ Official Site of the Cochin Stock Exchange]

{{Financial services in India}}

{{Stock exchanges in India}}

{{Kochi (India) topics}}

Category:Economy of Kochi

Category:Former stock exchanges in India

Category:1978 establishments in Kerala

Category:Financial services companies based in Kochi

Category:Indian companies established in 1978