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We want to remain a young exchange forever: NSE chief

This article was posted on Jan 5, 2014 and is filed under Market News

It overtook within a year of launch, more than 100-year old Bombay Stock Exchange as India’s biggest bourse

Having completed 20 years of operations, country’s top stock exchange NSE wants to remain a young bourse forever, while building on its experience to forge ahead on its path to join global leaders in this space, says its chief executive Chitra Ramkrishna.

“At heart, we always want to be young and we always want to be energetic. In fact, we are only in our teens,” Ramkrishna said, while talking about 20-year journey of NSE (National Stock Exchange), which commenced operations in 1994.

Within a year of launch, it overtook more than 100-year old Bombay Stock Exchange (BSE) as India’s biggest bourse.

Having brought new-age technology to the trading business in India along with a lot many other innovations, NSE has always been referred to as a young exchange, given its rival BSE being in existence since way back in 1875.

While a few other stock exchanges, such as MCX-SX and United Stock Exchange, have come into existence in the past couple of years, their presence is yet to expand to entire spectrum of exchange business and their business volumes are also yet to reach comparable levels.

Asked whether she would want NSE to be continued to known as a young exchange, Ramkrishna told PTI, “Experience can certainly contribute a lot to any business. At the same time, the dynamism of youth is very necessary if you want to forge ahead. For us, when we look at being 20, our biggest challenge is how to marry these two factors — youth and experience.”

Ramkrisha, one of the four Indians on the Fortune list of 50 most powerful business women in the world, has been part of NSE every since its inception. She took over as MD and CEO in April 2013 after serving in various other positions.

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