National Stock Exchange: Modernising Markets

1993 – an unprecedented event took place that changed the landscape of Indian stock markets definitively. National Stock Exchange, incorporated in 1993, became the first exchange in the country to provide a modern, fully automated screen-based electronic trading system to offer an easy trading facility to the investors spread across the length and breadth of the country thus helped democratising capital. Technology, robustness, risk management, paperless trading, settlement, liquidity, investor protection and more importantly corporate governance have become the hallmark of Indian stock markets – harbinger being the NSE. Vikram Limaye, its MD & CEO has taken over the exchange during turbulent times and is steering it towards an even keel, upping performance of its systems through a culture of innovation and investments in technology, thus continuing to provide an impetus to modernise the Indian stock markets. This is enabling NSE to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.