Mis System in Share Brokerage Firm

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STUDY ON ACUMEN GROUP

Submitted by
Manish
Mohammed Yaseen
Vishnu S Mohan

CONTENTS
I. EXECUTIVE SUMMARY……………………………………………………………….3

II. INTRODUCTION………………………………………………………………………...4

* CAPITAL MARKET REFORMS AND DEVELOPMENT…………………………...7 * STOCK MARKET INTRODUCTION…………………………………………………8

III. ACUMEN CAPITAL LTD………………………………………………………………10

IV. MIS SYSTEM IN THE COMPANY…………………………………………………….12

V. METHODS AND DATA USED………………………………………………………...17

VI. LIMITATIONS AND CHALLENGES…………………………………………………18

VII. EXPERT INTERVIEW………………………………………………………………….20

VIII. CONCLUSION………………………………………………………………………….22

EXECUTIVE SUMMARY
The project is a study of the MIS systems that is implemented in the share brokerage companies in India and we have taken specifically the example of ACUMEN GROUP for our study. The study concentrates on the front end and back end software with which company connects with their clients. We have studied deeply into how the share brokerage system works and how it connects to the different stock exchanges in India, how they helps the clients in buying and selling shares etc. We have taken for our study two major MIS system that is used in front end operation and back end operations namely ODIN and LIDHA DIDHA

INTRODUCTION
The capital market in India is entering into the new era of growth, bringing with it new challenges and a host of opportunities. With the NSE and BSE catalyzing the operation, India today has the best stock market trading system in the world. New markets have opened, new instruments have developed, and services have launched. ACUMEN capital market ltd, the premier custodian of Indian capital market has geared up to reposition itself in the changed scenario. With substantial investment in technology, Acumen is confident in bringing the common investor of the country and offers them an investment arena. CAPITAL MARKET- AN INTRODUCTION

There are 22 stock exchanges in India, the first being the Bombay Stock Exchange (BSE), which began formal trading in 1875, making it one of the oldest in Asia. The last so many years, we can see lots of rapid change in the securities market in India, especially in the secondary market. The main reasons behind these developments are advanced technology and online-based transactions they follow. As per the latest data, in terms of the number of companies listed and also in market capitalization, the equity market in India is considered very large. The number of listed companies increased from 5,968 in March 1990 to about 10,000 by May 1998 and market capitalization has grown almost 11 times during the same period. There are large number of government bonds traded in the Indian market. Banks and financial institutions have been holding a substantial part of these bonds as statutory liquidity requirement. The portfolio restrictions on financial institutions’ statutory liquidity requirement are still in place. A primary auction market for Government securities has been created and a primary dealer system was introduced in 1995. There are six authorized primary dealers. Currently, there are more than 50 mutual funds, out of which above 30 are in the private sector. Mutual funds were opened to the private sector in 1992. Earlier, in 1987, banks were allowed to enter this business, breaking the monopoly of the Unit Trust of India (UTI), which maintains a dominant position. Before 1992, many factors obstructed the expansion of equity trading. Fresh capital issues were controlled through the Capital Issues Control Act. Trading practices were not transparent, and there was a large amount of insider trading. Recognizing the importance of increasing investor protection, several measures were enacted to improve the fairness of the capital market. The Securities and Exchange Board of India (SEBI) was established in 1988. Fig1. The complete operation of capital markets in India

Despite the rules it...
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