Calcutta Stock Exchange

The Calcutta Stock Exchange (CSE), Asia’s oldest surviving bourse established in 1908, offers unique opportunities for investors targeting small- and mid-cap equities. Monitor the CSE40 Index for sectoral trends–a benchmark reflecting performance across 40 actively traded stocks–and prioritize companies in steel, jute, and textiles, which dominate 62% of its weighted composition.

CSE operates from 9:15 AM to 3:30 PM IST, aligning with NSE and BSE timings, but liquidity varies significantly: average daily turnover hovers around ₹250 crore, concentrated in 50-70 actively traded securities. Cross-check order execution speeds using the CSE’s real-time dashboard, especially for SME listings; 32% of its 3,500+ listed companies fall below ₹500 crore market cap. Verify broker compliance with SEBI’s 2023 algorithmic trading guidelines to minimize slippage risks.

Regulatory shifts since the exchange’s 2012 derecognition as a “permanent stock exchange” under SEBI mandate stricter due diligence. Scrutinize audited filings through the CSE’s Disclosure Platform, focusing on quarterly promoter pledge data–23% of listed SMEs reported ≥15% pledged shares in Q1 2024. For derivatives exposure, pair CSE equity positions with NSE Nifty 50 futures; correlation coefficients averaging 0.78 since 2020 suggest effective hedging. Fee structures remain competitive: ₹20 per crore for delivery trades versus NSE’s ₹23. Evaluate blockchain-based bond settlement trials, operational since March 2024, to assess process efficiency gains.