National Stock Exchange (NSE) is India's leading stock exchange covering
various cities and towns across the country. NSE was set up by leading
institutions to provide a modern, fully automated screen-based trading
system with national reach. The Exchange has brought about unparalleled
transparency, speed & efficiency, safety and market integrity.
It has set up facilities that serve as a model for the securities
industry in terms of systems, practices and procedures.
NSE has played a catalytic role in reforming the Indian securities
market in terms of microstructure, market practices and trading
volumes. The market today 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.
An important aspect of financial reforms is the development of a
pool of human resources having right skills and expertise to help
enhance quality intermediation in the financial markets. NSE aims
at cultivating a culture of knowledge to help investors take informed
decisions relating to the securities market and has initiated a
number of educational initiatives such as certification programs,
training, financial literacy at school level, short term courses
at college level etc.