Vadodara Stock Exchange Limited (VSEL) received recognition as Stock Exchange
from the Government of India on 5th January 1990 and became Country’s 19th
recognized Stock Exchange. In the beginning it had 150 members and now the
strength is 289. In order to revive the Regional Stock Exchanges, SEBI
came out with a Circular whereby RSEs floated its subsidiary company which
acquired membership rights of BSE/NSE to facilitate trading terminals to the
members of RSE. Accordingly, Vadodara Stock Exchange Limited floated its
100% subsidiary named as VSE Stock Services Limited (VSSL). As on
31-Dec-2009 there are about 98 active sub-brokers in VSSL and its current
average daily turnover is Rs.80 crores in the cash segments of BSE and NSE.
For the Depository operations, VSEL has branches in Surat, Bharuch & Anand and plans to expand its Depository participant business immediately after demutualisation in all towns of Gujarat and later on all over India. It has plans to tie up with banks to provide DP services from their branch premises, which shall be beneficial for all the parties.
VSEL currently has 289 Trading Members out of which 54 are corporate Trading Members. Since, presently there is no turnover on the Exchange the Trading Members are routing their business through the subsidiary of the Exchange and presently, 100 members are trading through subsidiary
The services provided by VSSL are as under:
Listing of Securities of Companies