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The Madras Stock Exchange (MSE) has got a history from 1920 when the exchange had 100 members. The boom time period the exchange faded out as well as the membership was reduced to only 3 by 1923. Good days returned in September, 1937 plus the exchange was once again organised as Madras Stock Exchange Association (Pvt.) Limited , the very first stock exchange in south India and it also catered to mills and plantations within the area. In 1957, the name was again changed to Madras Stock Exchange Limited .MSE will be the fourth Stock Exchange to become established in the country.
This is actually a a self regulatory organization having permanent recognition with the Securities Contracts (Regulations) Act, 1956, as well as the fist Stock Exchange within the southern area of the country.MSE has pioneered the development and expansion of Capital Market within the south. It caters towards the requirements of a typical industrial entrepreneurs to raise capital for industrial promotion and likewise provides investment possibilities to the public.
MSE has established a special investment education centre named as the “MSE Institute of Capital Markets” to look after the academic needs of the market participants. Regular and intensive training programmes, seminars and workshops are conducted across the State of Tamil Nadu & Pondicherry. Monthly Investors’ Meet is held at its premises in Chennai on the third Saturday of every month.
MSE has also set up subsidiary - MSE Financial Services Ltd., and that is a Corporate Broking House, having membership of BSE and NSE and trading facilities are offered to the investors via the Participants in MSE. and the first of its kind in South India. In 1996, the MSE was fully computerised and online trading became operational, because the MSE was connected to 120 broking offices in and around Chennai through Wide Area Networking.MSE had signed a memorandum of understanding (MoU) with NSE in November 2009, which enables participants in the MSE to trade on the NSE platform, in the cash and futures and options (F & O) segments, by issuing MSE contract notes. MSE also provides Depository services as Depository Participant of CDSL and NSDL.Currently there are 161 members and out of which 28 of them are operating through MSE-FSL with an average turnover of Rs.3 crore per day. The MSE charges a membership fee of Rs 100,000.exchange had set a target of adding 500 members by 2012
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