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Madras Stock Exchange

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Madras Stock Exchange (MSE) is a stock exchange in Chennai, India. The MSE is the fourth stock exchange to be established in the country and the first in South India.[1] It had a turnover (2001) of  3,090 crore ($ 950 million), but is a fraction (below 3.5 per cent) of the turnover generated by the Bombay Stock Exchange and National Stock Exchange of India.The turnover of the stock exchange was 19,907 Crore as of the financial year 2012.[2][3][4] It is one of the four stock exchanges in India to have permanent recognition by market regulator SEBI.[5]

In 1996, the MSE was fully computerised and online trading became operational, as the MSE was connected to 120 broking offices in and around Chennai through wide area networking.

The MSE has about 120 live members and 1,785 companies listed. The exchange follows the Rolling Settlement system, as per the January 2000 SEBI (Securities Exchange Board of India) guidelines and a proactive Grievance Cell is operational. By this system, investors can log in their complaints, for which a number will be given for further reference, through which investors can keep track of the action taken by the exchange as regards their complaint.

A subsidiary company - MSE Financial Services Ltd, has been established. A member of the Bombay Stock Exchange, MSE Financial Services will help create greater broker and investor flexibility through multi-market access. Hereafter the members will be able to trade in both BSE and MSE. This will be followed up with National Stock Exchange (NSE) membership.

Live trading at the MSE takes place from 10.00 am to 3.30 pm.

Merging of Bangalore Stock Exchange

Further to a June 2012 notification from the Securities and Exchange Board of India (SEBI), whereby individual stock exchanges should maintain a minimum liquid net worth of 1,000 million and exchanges that do not comply with this requirement should close down their operations by June 2015, the Bangalore Stock Exchange (BgSE) decided to merge with the Madras Stock Exchange. The combined entity will become the single largest regional exchange in the country with over 1,000 local companies listed exclusively on it. BgSE and MSE together have a liquid net worth of around 500 million while another 500 million will be raised by liquidating certain idle assets (situated in Bangalore and Chennai) of these exchanges.[6][7][8]

See also


  1. ^ Madras Stock Exchange Ltd - About Us
  2. ^ "Madras Stock Exchange plans to raise Rs 100 crore"
  3. ^ "Madras Stock Exchange to offer platform for MSMEs"
  4. ^ "Madras Stock Exchange plans to raise Rs 100 crore from PEs, IPO"
  5. ^ "Five SEs may face derecognition by year-end". The Times Of India. 10 August 2006. 
  6. ^ Tejaswi, Mini Joseph (18 February 2013). "Bangalore, Madras stock exchanges to merge". The Times of India (Chennai: The Times Group). Retrieved 24 Mar 2013. 
  7. ^ Acharya, Namrata (19 February 2013). "Bhubaneswar, Calcutta stock exchanges may merge". Business Standard (Kolkata: Business Standard). Retrieved 24 Mar 2013. 
  8. ^ Piramal, Anjali (4 March 2013). "Asia The Next Frontier For Stock Exchange Consolidation". Forbes ( Retrieved 24 Mar 2013. 

External links