Location: Parliament Street, New Delhi

Date of visit: Wednesday 30 March 2016

Met with Mr Kunal Tyagi, Assistant Manager SBU Education, National Stock Exchange

Number of students present = 30,

Accompanying faculty: Ms Urvashi Sarup and Mr Satyendra Pratap Singh

The National Stock Exchange (NSE) is India’s leading stock exchange covering various cities and towns across the country. NSE was set up by leading institutions to provide a modern, fully automated screen-based trading system with national reach. The Exchange has brought about unparalleled transparency, speed & efficiency, safety and market integrity. It has set up facilities that serve as a model for the securities industry in terms of systems, practices and procedures.

BBA Semester VI students visited NSE, New Delhi for a corporate visit. The one and a half hour session was conducted by Mr Tyagi. The session started off understanding the need for setting up the National Stock Exchange in the 1990s and the problems associated with exchanges and trading back then. Mr Tyagi also briefed on common terminologies used in respect of stock trading such as financial derivatives, risk management, trading, clearing and settlements etc. It was well presented in set categories that allowed the students to gain thorough knowledge regarding the operations that take place at one of the biggest stock exchanges of the world. The details of the sessionare stated below:-

1. History and evolution of stock trading and emergence of NSE
2. Facts regarding NSE
3. Trading system and Technology of NSE (NEAT)
4. Nine Subsidiaries of NSE and the roles that each one plays
5. Online trading system: Mr Tyagi showed the group the online trading screen of NEAT (NSE) and how trade is carried out in an order driven system. The buy price and selling price in the order driven system was explained
6. Online training courses of NSE: the NCFM courses are available online and are available for various levels
7. Fintalent module of NSE:

Learning objectives met after visiting NSE

• Understand the structure of NSE
• Documented role of NSE in the economy, especially with their emphasis/contribution on technological advances
• Identify the contribution of NSE
• View components of live trading – rules of matching orders