The speaker for the session was Mr. Ashish Chauhan, MD & CEO of Bombay Stock Exchange, Mumbai.
Mr. Ashish started the session by a motivational quote advising the students to have ambitions much higher than where they are today. He traced back the formation of capital market evolution from a historical perspective, right from the time of Columbus. Earlier India used to have single entry book keeping system which now has transformed to double entry book system. He threw light upon the incidence of boom and burst like tulip mania and the concept of Fiat money. He then described the transition of native share and stock association to BSE from a broker’s democracy to an automated version. He highlighted the importance of speed in stock market and how BSE implemented it. He ended the session by highlighting how IT has been changing and will further change the face of India in coming times.
(Content courtesy: Mediacomm ;Photo courtesy: Pratikriti)