14. Investors were allowed to watch from the investors’ gallery and they had to physically visit the broker’s office to place an order. A representative of the broker would then rush to the Ring and execute the trade. Disadvantages of Open Out Cry: This was time consuming and inefficient Imposed limits on trading volumes and efficiency. Share of Mumbai was 80% , whereas rest part was not able to participate.
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16. This enabled it to spread across to various towns and cities in India by setting up terminals connected to the central system through VSAT.
19. From outcry to screenplay 2009 :NSE turnover almost 70% of total stock market Trade settlement reduced from three weeks to T+15 and now T+2. Mumbai shares compare with India reduced from 70% to 40% , thereby giving large players fare chance.
24. In the mean time the seller holds the securities in trust of buyer.
25. For this operation, banks such as the bank of Karad (BoK) and Metropolitan Co-operative Bank (MCB) came handy which issued Mehta with fake BR or BR without any backing from government.
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28. In this settlement process, the buyer and the seller might not even know whom they had traded with, either being know only to the broker.
42. Investor Protection Investor Education and Protection Fund (IEPF) SEBI and the stock exchanges have set up investor grievance cells for redressal of investor grievance.