BSE building received trademark
Mumbai, July 17th 2018: BSE Limited has secured a trademark for its iconic building Phiroze Jeejeebhoy Towers, at Dalal Street. This marks an important milestone in the journey of BSE Limited as the tower has been an irreplaceable part of the soul of the city. BSE is honoured to be recognised as a symbol of evolution of stock markets in India and its past through the trademark.
BSE founded in 1875 started off as a small group of brokers who functioned under a banyan tree on Dalal Street. After 143 years, Dalal Street is identified by BSE’s iconic building. The exemplary 28 floored building took almost 10 years to build and was finally completed in 1980. At the time of its completion, it was the tallest building in India and hence got a lot of prominence. Initially known as BSE Towers, the building was soon renamed after the late chairman of BSE, Sir Phiroze Jamshedji Jeejeebhoy.
Speaking on the occasion, MD & CEO of BSE, Ashishkumar Chauhan said, “I am delighted and take pride to be associated with BSE. For over a century, BSE has played a pivotal role in the journey of India’s capital market. We are glad that the uniqueness of this iconic building that serves as a barometer of Indian economy has been recognise under the Trade Marks Act, 1999 by the Government of India.”
BSE is proud to announce that Phiroze Jeejeebhoy Towers joins the elite club of distinguished structures around the world that have secured trademark rights. Going forward, usage of the BSE building’s picture will require a consent from BSE, a transparent process will be announce at the later date. Till the time the usage of the building image can continue as per the current framework.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Yatin Padia /Rahul Vyas
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