Ludhiana Stock Exchange

Ludhiana Stock Exchange Association Limited (LSE) was established in the year 1983. By 1999-2000, the exchange had a total of 284 brokers, out of which 79 were corporate brokers. Among 284 brokers, it was further classified as 212 proprietor broker, 2 partnership broker and 70 corporate broker. Then, there was only 23 sub-brokers registered.

Ludhiana Stock Exchange became the second bourse in India to introduce modified carryforward system after BSE on April 6, 1998. On the same date, LSE also introduced a settlement guarantee fund (SGF). The SGF guarantees settlement of transactions and the carryforward facility provides liquidity to the market.

LSE became the first in India to start LSE Securities Ltd., a 100% owned subsidiary of the exchange. The LSE Securities got the ticket as sub-broker of the NSE. In 1998, the exchange also got permission to start derivative trading.

For the settlement of dematerialised securities, the Ludhiana Stock Exchange has also been linked up with National Securities Depository Ltd. (NSDL).

Stock exchanges in India

Ahmedabad Stock Exchange Bangalore Stock Exchange Bhubaneswar Stock Exchange Bombay Stock Exchange Calcutta Stock Exchange Delhi Stock Exchange Guwahati Stock Exchange Inter-connected Stock Exchange of India Jaipur Stock Exchange Ludhiana Stock Exchange Madras Stock Exchange MCX Stock Exchange Meerut Stock Exchange National Stock Exchange of India OTC Exchange of India Pune Stock Exchange United Stock Exchange of India UP Stock Exchange Vadodara Stock Exchange

De-recognized stock exchanges	Capital Stock Exchange of Kerala Cochin Stock Exchange Coimbatore Stock Exchange Madhya Pradesh Stock Exchange Magadh Stock Exchange Mangalore Stock Exchange Saurashtra Kutch Stock Exchange

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Ludhiana Stock Exchange

See also