Sunday, July 27, 2008

TRADE IN NSE

I have traded in NSE and seriuosly have a bias towards NSE. among the two major players in our country one is the BSE and the other NSE. It was started in 1992, in 1994 the wholesaler debt market was opened first time in india, bringing more transparency to the debt market. In 1996, the Nifty index is formed, a 50 stock based index formed in allaince with S&P CNX, which gives more credibility to the numbers. In 1996, the NSDL also was set up, which was the first depository in india.....In 2000, after more milestones, the derivatives were launched to take away the badla system.

Where BSE has been hounded by number of scams and infact the BSE MD-Anand Rathi has been alleged about being involved in the scam. on the ohter hand, NSE has played a catalytic role in reforming the Indian securities market in terms of microstructure, market practices and trading volumes. It uses state-of-art information technology to provide an efficient and transparent trading, clearing and settlement mechanism, and has witnessed several innovations in products & services viz. demutualisation of stock exchange governance, screen based trading, compression of settlement cycles, dematerialisation and electronic transfer of securities, securities lending and borrowing, professionalisation of trading members, fine-tuned risk management systems, emergence of clearing corporations to assume counterparty risks, market of debt and derivative instruments and intensive use of information technology. The nse web-site is more user -friendly than the BSE website, which is unpregnable.The trade confirmation and the data dessimintaion is very helpful...If you have read till now, then im sure you would have chnaged your mind to trade with NSE.

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