Mumbai: November 30, 2018: In its continuous efforts to encourage and increase participation of retail investors in government securities, BSE, India’s premier stock exchange and world’s fastest exchange with the speed of 6 microseconds, is launching ‘BSE-Direct’, an online bidding platform for retail investors in non- competitive bidding of Government securities (G-sec) and Treasury bills ( T-bills). Starting from December 03, 2018, the online platform will be available to the clients/investors at free of cost and will enable collection of bids directly from the investors.
BSE is the premier exchange for investing in G-sec and T-bills in non-competitive bidding. Some of the salient features of ‘BSE-Direct’ are listed below:
- Security and funds will be directly credited to investors’ demat and bank accounts, respectively
- Quick, hassle free one-time registration for the investor
- State-of-the-art financial infrastructure of BSE, world’s fastest stock exchange
- User-friendly interface
- 24 x 7 bidding allowed on BSE Direct*
*Bidding for G-sec and T-bills will end on T-1 Day at 05:00 PM. T being the Auction date
Commenting on the newly-launched online platform, Shri Ashishkumar Chauhan, MD & CEO, BSE, said, “We decided to launch BSE-Direct to kindle widespread interest amongst retail investors. This platform will offer easy access to participants and will certainly act as an efficient mechanism for delivering government securities to retail clients. In the age of digital disruption, BSE wants to be at the forefront in harnessing technology and enhancing customer satisfaction too.”
BSE is the No.1 exchange for Retail trading in corporate bonds with a market share of 57% for FY 2017-18. BSE is also No.1 Exchange for listing of Corporate Bonds. For listing of public issues the market share of BSE for FY 2017-18 was 63% and market share in listing of privately placed corporate bonds was 54% for FY 2017-18. Government Security is a bond issued by Central Government of India with a promise of repayment upon maturity along with periodic coupon or interest payments. These securities are considered low-risk, since they are backed by the full faith and credit of the Government of India and default is unlikely. Government Security can be long term (Government Bonds or Dated Securities, maturity of one year or more) or short term (Treasury Bill, maturity of less than one year).