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Bombay Stock Exchange – Fastest Stock Exchange In The World

4 Mins read

The fastest stock exchange in the world is BSE Limited, also known as the Bombay Stock Exchange. It is an Indian stock exchange located on Dalal Street in Mumbai, established in 1875 by cotton merchant Premchand Roychand, a Rajasthani Jain businessman.

Bombay Stock Exchange is the primogenital stock exchange in Asia and also the tenth oldest in the world. Bombay Stock Exchange, known as the fastest stock exchange in the world, is the 8th largest stock exchange.

Fastest Stock Exchange In The World

Photcredit: Economic times

In this article, we will discuss Bombay Stock Exchange as the fastest stock exchange in the world, the history of Bombay Stock Exchange, the owner of Bombay Stock Exchange -the fastest stock exchange in the world, and how Bombay Stock Exchange became the fastest stock exchange in the world.

The Bombay Stock Exchange (BSE)

Bombay Stock Exchange (BSE), the fastest stock exchange in the world, is the first and largest securities market in India and was founded in 1875 as the Native Share and Stock Brokers’ Association. It is located in Mumbai, India.

The Bombay Stock Exchange lists close to 6,000 companies and is known as one of the largest exchanges in the world, along with the New York Stock Exchange, Nasdaq, London Stock Exchange Group, Shanghai Stock Exchange, and Japan Exchange Group.

The Bombay Stock Exchange contributed to the development and advancement of India’s capital markets, including the retail debt market. It has also helped to grow the Indian corporate sector.

The Bombay Stock Exchange is Asia’s first stock exchange and also includes an equities trading platform for small and average firms. The Bombay Stock Exchange has diversified into providing other capital market services, including clearing, settlement, and risk management.

Bombay Stock Exchange is a corporatized and demutualized unit with an extensive shareholder base comprising Deutsche Bourse, the leading global exchange as a strategic partner and now the fastest Stock Exchange in the world with a speed of 6 microseconds.

Bombay Stock Exchange provides a proficient and prominent market for trading in equity debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, and stock lending and borrowing. Bombay Stock Exchange can be seen as India’s biggest bourse in terms of listed companies, with more than 5000 companies listed on the exchange. Bombay Stock Exchange’s popular equity index – the S&P BSE SENSEX – is India’s most widely tracked stock market standard index. The stock is traded internationally on the EUREX and leading exchanges of Brazil, Russia, China, and South African nations (BRCS). Bombay Stock Exchange also has a dedicated platform for trading in equities of small and medium enterprises.

Who is the Owner of the Bombay Stock Exchange?

BSE Limited, the fastest stock exchange in the world, officially known as the Bombay Stock Exchange, is owned by brokers, outside investors, and domestic financial establishments owning the rest. It was formed in 1875 and is Asia’s first stock exchange.

However, the MD & CEO of the fastest stock exchange in the world, BSE (Bombay Stock Exchange), the first stock exchange in Asia, is Shri Ashishkumar Chauhan. He is one of India’s National Stock Exchange (“NSE”) founders, where he worked from 1992 to 2000. 

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How the Bombay Stock Exchange (BSE) Works

In 1995, the fastest stock exchange in the world, BSE (Bombay Stock Exchange), changed from an open floor to an electronic trading system. There are more than a dozen electronic exchanges in the U.S., with the New York Stock Exchange and Nasdaq being the most widely known.

Today, electronic trading systems lead the financial industry overall, making the execution faster, the errors fewer, and better efficient than traditional open-outcry trading systems. The Bombay Stock Exchange Securities lists include stock futures, stock options, index futures, index options, and weekly options.

The Bombay Stock Exchange’s overall performance is measured by the Sensex, a standard index of 30 of the Bombay Stock Exchange’s largest and most actively traded stocks covering 12 sectors. Debuting in 1986, the Sensex is India’s oldest stock index. Also called the “BSE 30,” the index broadly represents the composition of India’s entire market.

How Did the Bombay Stock Exchange Become The Fastest Stock Exchange in the World?

Bombay Stock Exchange is the fastest stock exchange in the world; BSE, recently realized and implemented Precision Time Protocol (PTP) which offers time management and synchronizations in the range of nanoseconds, helping the exchange leverage the accuracy in all its time stamps on its platform.

It also spread the technology to all the members trading from its data center, facilitating racks for computer servers without imposing any additional cost.

The co-location facility that is the data center with racks for computer servers allows brokers to host servers near the exchange’s trading platform, faster execution of trades due to low dormancy in data transmission.

Exchanges worldwide are slowly transferring to Precision Time Protocol because Network Time Protocol is not a suitable framework in today’s ultra-low latency trading platforms. The journey started earlier in 2014; the Bombay Stock Exchange had launched its equity trading platform software BOLT Plus, based on Deutsche Borse’s T7 trading architecture and is currently the fastest trading platform in the country.

High speed or algorithmic trading refers to orders on bourses generated using high-frequency and automated execution logic. The MD & CEO of Bombay Stock Exchange, Chauhan, had said during the launch of Bombay Stock Exchange’s high-speed BOLT PLUS system that it is already the fastest trading platform in the country with a response time of 200 microseconds for trade executed on it and they will take it to 20 microseconds in the next few months. Recently, more than 900 brokers with over 1,00,000 branches and millions of retail investors are on the BOLT PLUS system.

If you have questions and need clarifications, kindly comment below, and we will do our best to respond to your questions as soon as possible. Also, drop your view on the world’s fastest stock exchange: the Bombay stock exchange, as discussed in this guide.

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