The Bombay Stock Exchange (BSE) on completion of 127 years on July 9, 2002 launched online trade confirmation for investors and E-learning to commemorate the occasion.
Dr Vaish, deputy executive director, BSE said, "We plan to take several new steps in investor education and protection. We have already launched an investor awareness campaign where we have prepared a checklist of Do's and Don'ts for investor as a ready reckoner.
He added that, "We also plan to distribute over one lakh copies free of an Investor Guide. We also plan to conduct more than 100 investor awareness programmes this year outside Mumbai." BSE Training Institute (BTI) will impart education on capital markets covering regulatory perspectives to market microstructure and trade-related aspects through the Internet under e-learning.
BSE has launched for the first time in Indian capital market history, a "trade confirmation system" on the exchange through its website www.bseindia.com.
Investors can confirm and verify their transactions done at BSE by simply filling the details of their transactions from the contract note on the designated form provided and a confirmation reply will be generated instantly.
This system will be offered free of charge to investors over the Internet. Alternatively, those investors who do not have Internet access can also get their transactions confirmed at the BSE Investor's Services Cell. In order to maintain authentic and proper use of this system, investors will be required to undergo a short one - time process of registering themselves with www.bseindia.com after which they can access this system from anytime, anywhere. Registration on BSEIndia is free and gives investors other additional features like customised portfolio management, market watch and ticker.
Investors can confirm the transactions done in respect of a trading day (T) on the next day (T+1). Data will be provided in this system for 5 trading days on a rolling basis. In case Investors need an authenticated copy of the trade confirmation, the same can be obtained from Investor's Services Cell through this system. This facility is currently available only for Retail Investors.
The exchange with its nation-wide presence of 380 cities and 7,536 trading terminals offers a range of products, that set several new standards and benchmarks - an efficient trading platform, lower transaction costs, highest delivery ratio and best risk management systems.
The exchange is home to the world's largest number of listed companies, and has been India's first to introduce derivatives, develop a free-float index, create an Internet trading platform and set up an exclusive training centre that imparts knowledge and know-how on capital markets.
BSE has been at the forefront of providing a transparent and vibrant marketplace for investors. In order to safeguard the interests of the investors, enhance transparency and restore the confidence of investors in the market.
Another feature that is being launched on www.bseindia.com is the Arbitration Notification system. This system will allow investors to view the schedule of Arbitration for their cases instead of having to approach the Exchange personally. The system displays the reference number, applicant and respondent names, date and time of hearing and venue of arbitration proceedings.
Since this notification is constantly updated, investors can keep themselves posted up to date on arbitration schedules.
