Calcutta Stock Exchange


Calcutta Stock Exchange located at the Lyons Range, Kolkata, India, is the second oldest stock exchange in South Asia. It was incorporated in 1908 and is the second largest bourse in India. The Calcutta Stock Exchange has been asked to exit by SEBI but the matter is subjudice before Calcutta High Court while other 13 regional stock exchanges have closed in the last three years under the exit policy of SEBI, including Bangalore Stock Exchange, Hyderabad Stock Exchange and Madras Stock Exchange

History

In 1830, the bourse activities in Kolkata were conducted under a neem tree. The earliest record of dealings in securities in India is the British East India Company’s loan securities. In 1908, the stock exchange was incorporated and consisted of 150 members. The present building at the Lyons Range was constructed in 1928. The Calcutta Stock Exchange Ltd was granted permanent recognition by the Government of India with effect from 14 April 1980, under the relevant provisions of the Securities Contracts Act, 1956. The Calcutta Stock Exchange followed the open outcry system for stock trading until 1997, when it was replaced by C-STAR, an electronic trading platform.
The full form of CSE is Calcutta Stock Exchange.
The Bombay Stock Exchange has made a strategic investment in Calcutta Stock Exchange, acquiring 5% of its shares.