Ludhiana Stock Exchange Association Limited (LSE)

About Ludhiana

Ludhiana is known as financial capital of Punjab, with most of the big industrial houses based here like Airtel, Hero Cycles etc.. Ludhiana is a city and a municipal corporation in Ludhiana district in the Indian state of Punjab. It is the largest city in Punjab, with an estimated population of 1.4 million. The city stands on the Sutlej River's old bank, 13 km south of its present course. It is a major industrial and educational center of northern India, and is the crossroads of many different cultures. This site (i.e.Ludhiana Mag) is mainly focused for giving news, updates about the city to NRIs along with featuring and listing major businesses, Companies in the city via our Quality assorted info pages listings.

Tuesday, October 9, 2007

Ludhiana Stock Exchange Association Limited (LSE) was established in the year 1983. By 1999-2000, the exchange had a total of 284 brokers, out of which 79 were corporate brokers. Among 284 brokers, it was further classified as 212 proprietor broker, 2 partnership broker and 70 corporate broker. Then, there was only 23 sub-brokers registered.

Ludhiana Stock Exchange became the second bourse in India to introduce modified carryforward system after BSE on April 6, 1998. On the same date, LSE also introduced a settlement guarantee fund (SGF). The SGF guarantees settlement of transactions and the carryforward facility provides liquidity to the market.

LSE became the first in India to start LSE Securities Ltd., a 100% owned subsidiary of the exchange. The LSE Securities got the ticket as sub-broker of the NSE. In 1998, the exchange also got permission to start derivative trading.

For the settlement of dematerialised securities, the Ludhiana Stock Exchange has also been linked up with National Securities Depository Ltd. (NSDL).

Address:
Feroz Gandhi Market,
Near Country Inn Hotel,
Bhai Wala Chowk,
Ludhiana.