Bombay Stock Exchange

Role of the CEO of Stock Exchanges

The primary role of a Stock Exchange is to facilitate and regulate the transfer of funds and securities between investors and businesses. The CEO of a stock exchange, belonging to its governing body, has complete jurisdiction over the various functions of the stock exchange. The role broadly comprises the ensuring liquidity of capital at all times, listing and distribution of various securities providing a huge platform for raising capital for companies as well as public debt. They are also involved in maintaining and regulating the ingenuity and transparency of business information and management of its member companies, such as financial statements, annual reports, etc. The stock exchanges take responsibility for the influx of foreign capital and investments in general, thus serving as a barometer of the national economy.

CEO of the Bombay Stock Exchange (BSE)

Ashish Kumar Chauhan

He joined BSE as Deputy CEO in 2009 and was appointed as CEO in 2012. Under his term as the CEO, BSE was made the fastest Exchange in the World with less than 6 microseconds response time. Mobile Trading was introduced for the first time in India during his time in the company. Great strides were seen in the real time surveillance system. Introduction of a SME platform aiding SMEs and startups to raise money, and development of a Mutual Fund distribution platform, BSE StAR MF. He was also instrumental in setting up India's First International Exchange "India International Exchange" in 2017. Successfully completed the IPO of BSE which was pending for over 10 years. BSE IPO was oversubscribed 51 times with close to 12 lakh applications in January 2017.