Some Facts about Over The Counter Exchange of India(OTCEI)
In 1992 , to provide improved services, the country’s first ring less, scrip less and electronic stock exchange Over The Counter Exchange of India(OTCEI) was created by some of the prominent financial institutions like UTI, ICICI, IDBI , SBI Capital Markets, IFCI, GIC, Canbank Financial Services. The trading at OTCEI is done over the centers across the country. The securities traded at OTCEI are classified into listed securities, permitted securities and initiated debentures. The feature of this exchange is that instead of share certificate, a counter receipt is generated out at the counter which substitutes the share certificate and the same is used for all transactions. Recommended Reading: Over The Counter Exchange of India(OTCEI) Trading on OTCEI Trading on Over The Counter Exchange of India(OTCEI) is the first of its kind in India. It is fully computerized set-up where trading takes place through a network of computers at the member/dealer Continue reading