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{{Short description|Former stock exchange in Punjab, India}} | |||
{{Use dmy dates|date=March 2018}} | {{Use dmy dates|date=March 2018}} | ||
{{Use Indian English|date=March 2018}} | {{Use Indian English|date=March 2018}} | ||
{{More citations needed|date=January 2021}} | {{More citations needed|date=January 2021}} | ||
'''Ludhiana Stock Exchange ''' (LSE) | '''Ludhiana Stock Exchange ''' (LSE) was a [[stock exchange]] that was fully owned by [[Government of India]].<ref>{{Cite web|url=https://www.business-standard.com/article/pti-stories/sebi-allows-exit-of-ludhiana-stock-exchange-as-bourse-114123000930_1.html|title=Sebi allows exit of Ludhiana Stock Exchange as bourse|agency=Press Trust of India|date=30 December 2014|via=Business Standard}}</ref> It was established in the year 1983. By 1999-2000, the exchange had a total of 285[[broker]]s, out of which 79 were corporate brokers. Among 284 brokers, it was further classified as 212 proprietor broker, 2 partnership broker and 70 corporate broker. Then, there was only 2 sub-brokers registered. | ||
Ludhiana Stock Exchange became the second bourse in India to introduce modified carry forward system after [[Bombay Stock Exchange]] on 6 April 1998. On the same date, LSE also introduced a settlement guarantee fund (SGF). The SGF guarantees settlement of transactions and the carry forward facility provides [[liquidity]] to the [[stock market]]. | Ludhiana Stock Exchange became the second bourse in India to introduce modified carry forward system after [[Bombay Stock Exchange]] on 6 April 1998. On the same date, LSE also introduced a settlement guarantee fund (SGF). The SGF guarantees settlement of transactions and the carry forward facility provides [[liquidity]] to the [[stock market]]. | ||
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[[Category:Former stock exchanges in India]] | [[Category:Former stock exchanges in India]] | ||
[[Category:1983 establishments in Punjab, India]] | [[Category:1983 establishments in Punjab, India]] | ||
Latest revision as of 12:07, 10 June 2025
 | This article needs additional citations for verification. (January 2021) |
Ludhiana Stock Exchange (LSE) was a stock exchange that was fully owned by Government of India.[1] It was established in the year 1983. By 1999-2000, the exchange had a total of 285brokers, out of which 79 were corporate brokers. Among 284 brokers, it was further classified as 212 proprietor broker, 2 partnership broker and 70 corporate broker. Then, there was only 2 sub-brokers registered.
Ludhiana Stock Exchange became the second bourse in India to introduce modified carry forward system after Bombay Stock Exchange on 6 April 1998. On the same date, LSE also introduced a settlement guarantee fund (SGF). The SGF guarantees settlement of transactions and the carry forward facility provides liquidity to the stock market.
LSE became the first in India to start LSE Securities Ltd., a 100% owned subsidiary of the exchange. The LSE Securities got the ticket as sub-broker of the NSE. In 1998, the exchange also got permission to start derivative trading.
For the settlement of dematerialised securities, the Ludhiana Stock Exchange has also been linked up with National Securities Depository Limited.
See also[edit | edit source]
References[edit | edit source]
- ↑ "Sebi allows exit of Ludhiana Stock Exchange as bourse". Press Trust of India. 30 December 2014 – via Business Standard.