13.1.4. Regional Stock Exchanges

The regional stock exchanges provided investors an access to big brokers in Mumbai. They also serve as a link between the local companies and local investors. Each regional stock exchange followed its own practice and procedures in respect of listing and trading of securities, clearing and settlement of transaction, and risk containment measures. Some examples of Regional Stock Exchanges are –Bombay Stock Exchange; Kolkata Stock Exchanges; Pune Stock Exchange etc.