There is no central place of exchange, and all trading occurs through electronic networks. The first electronic OTC stock exchange in India was established in to provide investors and companies with an additional way to trade and issue securities. This was the first exchange in India to introduce market makers , which are firms that hold shares in companies and facilitate the trading of securities by buying and selling from other participants. Thanks to advances in technology that have yielded improvements in electronic trading platforms, the differences between traditional exchanges and OTC networks are not so substantial.
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Ashok Babu M. Ambika Dubey. Show More. No Downloads. Views Total views. Actions Shares. Embeds 0 No embeds. No notes for slide. OTCEI 1. OTCEI 2. Meaning The over-the-counter exchange of India OTCEI is an electronic stock exchange based in India that is comprised of small- and medium-sized firms looking to gain access to the capital markets.
All stock exchange have a specific place for trading their securities through counters. But the OTCEI is connected through a computer network and the transactions are taking place through computer operations. Thus, the development in information technology has given scope for starting this type of 4. Committee Functioning Incorporated Capital G.
S patel committee, Abid Hussain committee. October September 8 crore. It provides an opportunity for fair pricing of an issue through negotiation with the sponsors. It provides an opportunity to companies to raise funds through capital market instruments at an extremely low cost as compared to a public issue. For instance, every-OTC investor-Card free. This card provides for the safety and security of the investors investments.
The mechanism offers greater security to investors as the sponsors investigate into the company and the projects, before accepting sponsorship thus building up much needed greater investor confidence.
The exact trading prices are printed in the trading documents for confirmations. This protects the investor interest and there by minimize disputes. This is because there are at least two market- makers who indulge in continuous buying and selling. This ensures quality of investments.
Therefore, buying and selling may be resorted to from any part of the world. It offers the facility of faster deal settlement for investors across the counters spread over the entire country. The securities, which are listed exclusively on the OTCEI, cannot be traded on other stock exchanges. Government of India Dated Securities, Treasury Bills and special securities are traded in this segment. Mutual fund units like units of Unit, Monthly Income Plan, and under this category.
To counter the influence of Bombay Stock Exchange and reduce the influence of certain powerful intermediaries in the stock market, a new stock market was promoted in which both securities of companies and debt instruments are traded, namely the National Stock Exchanges. NSE takes into account the screen based trading and so it is the most advanced. The success of this stock exchange is quite evident that within a few years of its promotion the volume and the value of transactions have surpassed the BSE.
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OTCEI | Definition | Need | Features | Listing requirements
All stock exchange have a specific place for trading their securities through counters. But the OTCEI is connected through a computer network and the transactions are taking place through computer operations. Thus, the development in information technology has given scope for starting this type of stock exchange. OTCEI is recognized under the Securities Contract Regulation Act and so all the stocks listed in this exchange enjoy the same benefits as other listed securities enjoy.
OTC Exchange of India
Over-the-Counter Exchange of India (OTCEI)