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EQUITY MARKET
REFORMS
NSE MIBID-MIBOR:
The Mumbai Interbank BID and the Mumbai
Interbank Offer Rates.
The next innovation in information systems came
with the use of the polling method to collect price
information for interest rate and commodity markets.
Event
1876
Birth of BSE
27
June 1969
Jan 1983
2 Jan 1986
12
SEBI created
April 1988
1992
30
3 Nov 1994
13 Dec 1994
Ban on badla
25
Jan 1995
14
Mar 1995
3 Jul 1995
5 Oct 1995
Apr 1996
8 Nov 1996
1999
12
Jun 200
4 Jun 2001
2 Jun 2001
Impact of reforms
Reduction
in
Market
Elimination
Country
Transaction
cost
Electronic
pricing
Global
wide
parity risk,
integration liquidity.
market
of markets
probabilities integration
of hedging
etc.
Enhanced