BSE-IPF organises “Securities Market Proficiency Quiz” in association with The Institute of Company Secretaries of India (ICSI).
Mumbai, February 12 2021: BSE Investors Protection Fund (IPF) in association with The Institute of Company Secretaries of India, announced “Securities Market Proficiency Quiz”, today, exclusively for the students of ICSI. The National quiz is aimed at furthering awareness and education about the various aspects of the securities market and impart valuable knowledge through a comprehensive referral guidebook on securities market. The book will be shared with the students upon registration.
The quiz was announced jointly by CS Shri Nagendra Rao, President ICSI and Shri Ashishkumar Chauhan, MD & CEO, BSE along with CS Shri Khushro Bulsara – Head, BSE Investors’ Protection Fund.
Also present at the event were CS Shri Devendra Deshpande, Vice President ICSI and CS Pawan Chandak, Chairman - WIRC of ICSI.
CS Nagendra Rao, President, The ICSI, said “With the country headed towards becoming the powerhouse of progress, financial literacy has gained momentum in India. Such quiz competitions will not just provide an impetus to the students to participate in financial markets, but would emphasize on fostering focused efforts in building a financially educated and independent nation”.
Shri Ashishkumar Chauhan, MD&CEO, BSE, said “Investor education is of paramount importance as “An educated investor is a protected investor” and this goes a long way in increasing investor confidence and encouraging greater retail participation in capital markets. Through the initiative announced today, it further reflects BSE’s commitment and consistent efforts towards investor education and protection.”
CS Shri Devendra Deshpande, Vice President, The ICSI, said “ICSI has been contributing immensely in accelerating the pace of proliferation of financial education among the masses and the nation at large and creating a cadre of financially educated professionals. This joint initiative towards Investor Awareness will provide the students, an avenue to know and evaluate their knowledge of the basics of capital markets”.
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 demutualized 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, commodity 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 also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds, Almond & Turmeric.
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. ICCL is the only clearing corporation in India to have been granted "AAA" rating by two rating agencies, India Ratings Ltd. (Indian arm of Fitch Ratings) and Care Ratings Ltd. 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.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the framework issued by the Ministry of Finance, Government of India and SEBI. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
India International Exchange (IFSC) Limited (India INX) is India’s first international exchange in International Financial Services Centre (IFSC) located at the Gujarat International Finance-Tec City (GIFT City). India INX is a subsidiary of BSE Limited. The Exchange was inaugurated by Hon’ble Prime Minister of India, Shri Narendra Modi, on Jan 09, 2017 and commenced its operations from Jan 16, 2017.
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