Over the counter exchange of India INTRODUCTION : Established in 1990 by an association of UTI, ICICI, IDBI, SBI Capital, LIC, and others. First exchange in India based on electronic screen-based trading. Designed mainly for small and medium-sized companies. OBJECTIVES: 1. Provide an alternative stock exchange platform for small companies. 2. Ensure transparency. 3. Encourage wider participation of investors across the country .
FEATURES : Ringless Trading : OTCEI was the first exchange in India to eliminate the traditional trading ring, replacing it with a network of dealer computers. Screen-Based Trading : Trading is conducted electronically on computer screens, making the process faster and more efficient. Liquidity Provider : The exchange ensures market liquidity by facilitating easy buying and selling of securities. Cost-Effective : The electronic system and lack of physical trading floor reduce costs for both issuers and investors Transparency : All transactions and quotations are displayed on computer screens, offering transparency to investors before they place an order.