Hardik Fintrade (India)

There used to be a ring where saudas (transactions) took place through a OUT-CRY system. With the introduction of computerised transactions, many exchanges lost their trade volumes which resulted in closure of many of such stock exchanges including the ASEL. However, SEBI permitted extinguishing exchanges to form its subsidiaries and allow their members to trade through market platforms such as the BSE and NSE of India.

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There used to be a ring where saudas (transactions) took place through a OUT-CRY system. With the introduction of computerised transactions, many exchanges lost their trade volumes which resulted in closure of many of such stock exchanges including the ASEL. However, SEBI permitted extinguishing exchanges to form its subsidiaries and allow their members to trade through market platforms such as the BSE and NSE of India.

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