BSE gets Sebi's in-principle approval for global exchange
Posted on: 04 Nov 2016 09:35:21
04 November 2016 Current Affairs: BSE aimed to operationalise the international exchange by early next year. Mock trading for the same commenced from October 3.
The BSE board at its meeting held on May 5, 2016, had approved creation of two fully-owned subsidiary companies for the purpose of setting up the first international exchange and clearing corporations.
BSE in August had announced that its international stock exchange would provide a platform to trade on equity, commodity and currency and interest rate derivatives for Indian and foreign investors.
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1992 and given required powers on 12 April 1992 through the SEBI Act, 1992.
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