The Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia, established in 1875. It is located in Mumbai (formerly known as Bombay), India, and is also known as the BSE India.
The BSE was initially set up as a group of brokers who gathered under a banyan tree in the city of Mumbai to trade stocks. In 1875, it was formally established as "The Native Share and Stock Brokers' Association," and in 1957, it was renamed as the "Bombay Stock Exchange."
Over the years, the BSE has played a significant role in the development of the Indian economy. It has been instrumental in providing access to capital for businesses and has facilitated the growth of the Indian corporate sector. The BSE also played a crucial role in the liberalization of the Indian economy in the 1990s.
In 1995, the BSE launched its electronic trading system called the BSE Online Trading (BOLT) system, which transformed the exchange into a fully electronic trading platform.
Today, the BSE is one of the largest exchanges in the world, with more than 5,000 listed companies and a market capitalization of over $2 trillion.
In addition to equities, the BSE also offers trading in other financial instruments such as bonds, derivatives, and mutual funds. It has also expanded its presence beyond India and has established partnerships with other exchanges around the world, including the Deutsche Börse, the Shanghai Stock Exchange, and the Dubai Gold and Commodities Exchange.