Ahmedabad Stock Exchange

Coordinates: 23°01′33″N 72°32′39″E / 23.02583°N 72.54417°E / 23.02583; 72.54417

Old title name on the old exchange building
Logo of the Ahmedabad Stock Exchange

Ahmedabad Stock Exchange or ASE is the second oldest exchange of India located in the city of Ahmedabad in the western part of the country. It is recognized by Securities Contract (Regulations) Act, 1956 as permanent stock exchange. It has adopted a Swastika in its logo which is one of the most auspicious symbols of Hinduism depicting wealth and prosperity.

History

Building

Ahmedabad Stock Exchange heritage building

Ahmedabad Stock Exchange was established in 1894. It is the oldest stock exchange after Bombay Stock Exchange in India. ASE functioned here till 1996 and it is 93 years old heritage building and an example of British architecture.[1][2][3][4]

Automation

The stock exchange went live on December 12, 1996. Initially, ASE used a system provided by IBM. Since June 1999, ASE operates on Ahmedabad Stock Exchanges' Online Trading System (ASETS). This system was provided to ASE by Tata Consultancy Services Pvt. Ltd. Members of the ASE can also trade on the Bombay Stock Exchange through a system called IBOSS. Today the stock exchange has 333 trading members.

Current governing board

The governing board of ASE comprises elected directors as well as directors appointed by SEBI. The governing board meets every 15 days to review the working of the stock Exchange. The executive director is the administrative head of the ASE.

See also

References

  1. ↑ "Old stock exchange building at Manek Chowk to be sold". The Times of India. Ahmedabad. TNN. June 6, 2012. Retrieved February 21, 2013.
  2. ↑ Dhomse, Himansh (July 7, 2012). "Veterans rue loss of Ahmedabad's Manekchowk building". Daily News and Analysis. DNA. Retrieved February 21, 2013.
  3. ↑ Soni, Nikunj (February 20, 2011). "Heritage lovers root for Ahmedabad Stock Exchange's Manekchowk building". Daily News and Analysis. DNA. Retrieved February 21, 2013.
  4. ↑ Ruturaj Jadav and Mehul Jani (February 5, 2010). "Amdavad's First Pol". Ahmedabad Mirror. AM. Archived from the original on December 7, 2009. Retrieved February 21, 2013.
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