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You will be surprised to know that stock trading in India began in the year 1855, when five stockbrokers gathered under a banyan tree in Horniman Circle, Mumbai, and started trading in stocks by investing princely sum of Rs.1 each, thus laying the foundation of what is today the world’s 11th largest stock exchange.
Soon, more brokers joined in and the group count gradually increased to 22 and by 1860 the number of brokers reached 60. In the year 1874, this enterprising group moved to what is now called Dalal Street. When the stockbrokers increased to a sizeable number, the group formed an official organization called ‘The Native Share & Stock Brokers Association’. The Government of India officially recognized Bombay Stock Exchange under the Securities Contracts Regulation Act on August 31, 1957.
Trading outside Bombay Stock Exchange
1980 was a big year in the history of Bombay Stock Exchange, when it moved to its present location, at Dalal Street in the Fort area of Mumbai. This building was called Phiroze Jeejeebhoy Towers. The BSE Sensex as we know today was developed in 1986, which gave the exchange an accurate means to effectively measure the overall performance. From equity trading, the exchange moved on to derivatives and futures trading in the following years.
1995 was another watershed year for BSE. From a traditional open floor trading system, it upgraded to a sophisticated electronic based trading system. Given the eagerness of the brokers to embrace the new system, this transition took place in just fifty days! This system was a screen based stock trading platform called BSE On-Line Trading or BOLT.
Street scene outside the Calcutta stock exchange
With the advent of smartphones and their increasing usage for accessing the internet, online trading on mobile phones, or ‘smartphone trading’, became increasingly popular among investors. This eliminated the need for the investor to depend on his or her laptop or desktop for buying and selling stocks online. Since its launch in 2010, India has become one of the world’s biggest mobile based stock trading market.
Buying and selling stocks through mobile apps has gained tremendous momentum, leading to almost every stock broker launching their mobile app offering rich features like a full trading experience, advanced trading tools, detailed charting etc.
In percentage terms, around 1% of total trading value is generated only through buying and selling stocks from mobile websites or mobile apps. This is expected to go up to 4% in the coming years. Cleary, mobile trading is the future of stock markets in India. Any broking house which does not offer a complete trading experience on their mobile-friendly website or mobile app, will certainly lose out in the long run.
What else can I help you with?
Is it stock broking or stock brokering?
Gill Broking is one of the best stock broking agencies in India. It is based in New Delhi. It deals in all kinds of trading including agro commodities, intraday trading, mutual funds, equity & many more.
How can I use individual stock futures online?
The best way to define and use individual stock markets on line is to consult the aide of a qualified, credible on-line stock brokering agency. Many employers offer their 401K plans through agencies that also provide individual stock market assistance. For example www.vangard.com. However,it is recommended that you research such companies carefully.
What are some of the places that offer FX trading platforms?
You can find FX trading platforms from the Major 'Foreign Exchange' merchants and stock market brokering websites. Software developers such as 'spotware' also produce them.
What is Scot Trade and why is it better than it's running contender?
Scottrade is a company that offers discount stock brokering. Scottrade is considered more affordable than its contenders and is known for having good customer service.
Where can one find a history of the Apple stock price?
Apple, Inc. keeps a detailed history of Apple stock price that one can find online. Other stock-tracking websites also may provide this history of stock price.
What is the history of the stock tank in Texas?
what is the history of Texas
What has the author George G Blakey written?
George G. Blakey has written: 'The post-war history of the London stock market, 1945-92' -- subject(s): Corporations, History, Stock Exchange (London, England), Stock exchanges 'The post-war history of the London stock market' -- subject(s): Corporations, History, Stock Exchange (London, England), Stock exchanges
How many stock crashes were there?
There were about 30 Stock Market crashes in history.
How To Get Into Stock Brokering?
People who would like to become stock brokers should know that there is no set stock broker school. Instead, most people who enter this field have studied economics or finance. They have typically studied these things at schools that provide them with the ability to get a good internship in the field. Though no single degree path can guarantee a person a job as a stock broker, getting one of the previously mentioned degrees can help tremendously.
Is there any place online to find information about interactive brokering?
About.com has a really great article about online interactive brokering. There are also a few videos you can watch on youtube.com to help get you started.
What companies do brokering for online trading?
MerillEdge and Fidelity are two of the largest online trading brokers in the world. You local bank will also have options available for trade brokering should you pay them a visit.
What are the Texaco stock history prices?
What was texaco stock price march 1993
