COCHIN STOCK EXCHANGE LTD. is one of the premier Stock Exchanges in
India, established in the year 1978. The exchange had a humble beginning with
just 5 companies listed in 1978 -79, and had only 14 members. Today the
Exchange has more than 508 members and 240 listed companies. In 1980 the
its offices. In order to keep pace with the changing scenario in
the capital market, CSE took various steps including trading in
dematerialized shares. CSE introduced the facility for computerized
trading - "Cochin Online Trading (COLT)" on March 17, 1997.
CSE was one of the promoters of the "Interconnected Stock Exchange
of India (ISE)". The objective was to consolidate the small,
fragmented and less liquid markets into a national level integrated
liquid market. With the enforcement of efficient margin system and
surveillance, CSE has successfully prevented defaults. Introduction of
fast track system made CSE the stock exchange with the shortest
settlement cycle in the country at that time. By the dawn of the new
century, the regional exchanges faced a serious challenge from the NSE
& BSE. To face this challenge CSE promoted a 100% subsidiary called
the "Cochin Stock Brokers Ltd. (CSBL)" and started trading in
the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
is the first subsidiary of a stock exchange to get membership in both
NSE & BSE. CSBL also became
a depository participant in the Central Depository Services Ltd.. The CSE has been
playing a vital role in the economic development of the country in
general, and Kerala
in particular and
striving hard to achieve
the following goals:
Providing investors with high level of liquidity whereby the cost and
time involved in the entry into and exit from the market are minimized.
Bringing in high tech solutions and make all operations absolutely
Building infrastructure for capital market by turning CSE into a
financial super market.
� Serve the
investors of the region.
Professional stock broking and investment management.
Imparting Capital Market knowledge to all intermediaries on a continuous
Cochin Stock Exchange is directly under the control and supervision of
Securities & Exchange Board of India (the SEBI), and is today a
demutualized entity in accordance with the Cochin Stock Exchange (Demutualization)
Scheme, 2005 approved and notified by SEBI
on 29th of August 2005. Demutualization essentially
means de-linking and separation of ownership and trading rights and
restructuring the Board in accordance with the
provisions of the scheme. The
Exchange has been Demutualised and the notification thereof published in
MANAGEMENT OF CSE LTD.
The policy decisions of the CSE are taken by the Board Of Directors. The Board is constituted with 12 members of whom less than one-fourth are elected from amongst the trading member of CSE, another one fourth are Public Interest Directors selected by SEBI from the panel submitted by the Exchange and the remaining are Shareholder Directors. The Board appoints the Executive Director who functions as an ex-officio member of the Board and takes charge of the administration of the Exchange.
Cochin Stock Exchange, Kochi, India