Calcutta Stock Exchange (CSE) was an Indian stock exchange based in
Kolkata
Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...
,
India
India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
. It is
owned by
Ministry of Finance,
Government of India
The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...
. It is one of oldest stock exchanges in
Asia
Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...
and third largest bourse in India. It was founded in May 1908 at 2, China Bazar Street.
The Calcutta Stock Exchange has been asked to exit by SEBI, but the matter is ''sub judice'' before the
Calcutta High Court; thirteen other regional stock exchanges have closed in the last three years under SEBI's exit policy, including the
Bangalore Stock Exchange, the
Hyderabad Stock Exchange and the
Madras Stock Exchange. Since 2013, there has been no trading on the CSE trading platform.
History and timeline
In 1830, bourse activities in Kolkata were conducted under a
neem tree.
The earliest record of dealings in securities in India records trading of the
British East India Company
The East India Company (EIC) was an English, and later British, joint-stock company that was founded in 1600 and dissolved in 1874. It was formed to Indian Ocean trade, trade in the Indian Ocean region, initially with the East Indies (South A ...
’s loan stock. The exchange was founded on 1 December 1863 by sixteen leading stockbrokers, beginning life in rented premises on 11 Strand Road. The premises also had a library, open to the public, which could be accessed after paying an admission fee.
In 1908, the stock exchange was reconstituted in its current form, and had 150 members. The present building at the Lyons Range was constructed in 1928. The Calcutta Stock Exchange Ltd was granted permanent recognition by the
Government of India
The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...
with effect from 14 April 1980, under the relevant provisions of the Securities Contracts (Regulation) Act, 1956. The Calcutta Stock Exchange followed the
open outcry system for stock trading until 1997, when it was replaced by C-STAR (CSE Screen Based Trading And Reporting), an
electronic trading platform.
The
Bombay Stock Exchange (BSE) has made a strategic investment in the Calcutta Stock Exchange, acquiring 5% of its shares.
See also
*
List of South Asian stock exchanges
*
List of stock exchanges in the Commonwealth of Nations
References
External links
*
{{coord missing, West Bengal
Stock exchanges in India
Companies based in Kolkata
1830 establishments in India