About the event
|Smt Nirmala Sitharaman Hon’ble Minister of Finance and Corporate Affairs visits NSE to commemorate 25 years of NSE
|5th November 2019
|NSE - Exchange Plaza - Mumbai
|Smt Nirmala Sitharaman Hon’ble Minister of Finance and Corporate Affairs
|Shri Ajay Tyagi, Chairman, SEBI
History is being created today, at the National Stock Exchange of India Limited (NSE) Bandra-Kurla Complex headquarters in Mumbai, even as the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, Hon. SEBI Chairman Shri Ajay Tyagi and the NSE MD & CEO Shri Vikram Limaye along with leading dignitaries from India Inc gathered to commemorate the completion of 25 years of electronic trading in equity markets, that commenced on Thursday, November 3, 1994, twenty-five years ago. NSE, the world’s first demutualized stock exchange, created a milestone in the history of stock exchanges, by establishing widespread and national reach for the participation in stock markets.
On this auspicious occasion, NSE organized a Closing Bell Ringing ceremony, with the Hon’ble Minister of Finance and Corp. Affairs, Smt Nirmala Sitharaman, the SEBI Chairman Shri Ajay Tyagi and the MD & CEO of NSE, Shri Vikram Limaye, doing the honours of ringing the “Closing Bell”, signifying the momentous contribution NSE has made in the last 25 years of democratising the Capital Markets in India, which has witnessed and achieved high success, offering access to electronic trading of equity asset class to the retail audience in the most remote parts of the country.
Speaking on the occasion, Smt. Nirmala Sitharaman, Hon’ble Minister for Finance and Corporate Affairs said, “I congratulate NSE for completing 25 years of revolutionizing the Indian Capital Markets. The exchange then pioneered a critical role in the development of Indian Capital Markets by launching electronic trading 25 years ago and now will have an equally important role to play for realizing the national dream of $ 5 trillion economy.”
Shri Ajay Tyagi, Chairman, SEBI said: “I congratulate NSE on this momentous occasion of 25 years of electronic trading of equities. I wish NSE all the success and hope that NSE would continue to play a leading role in the growth of capital markets in the country.”
Shri Vikram Limaye, MD & CEO, NSE said, “NSE has been instrumental in democratising the capital market by launching a unified national market. The exchange provided a platform for improving the financial well-being of people and easy access to Capital for all stakeholders. It has also built robust market infrastructure helping Indian markets to be recognized globally. NSE will continue to expand and enlarge the market participant base with its initiatives supporting the Indian economy to scale new heights’’.
Present at the historic occasion also were Industry leaders, Bankers, Mutual Fund CEOs and CIOs, Market Intermediaries, Investors and Professionals from Financial sector.
To commemorate the Silver Jubilee celebrations of Electronic Trading in Equity Markets, NSE announced that hereafter November 3 would be celebrated as “Retail Investor Day”. The “Retail Investor Day” would be in alignment with NSE’s stated agenda and vision for financial inclusion, which has resulted in one of the largest investor education and literacy programs in the country. Starting from schools and colleges to programmes for investors, women, senior citizens and special groups like police and armed forces, NSE has covered over 500 districts and imparted more than 2500 programs every year.