IIFL Exchanges

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Before beginning your trading journey with the IIFL because of their trading platforms review, it is vital to consider IIFL Exchanges too. It is necessary to view various facilities and services that are offered by a stockbroker.

IIFL being a full-service stockbroker, is proudly listed with the top exchanges of India. However, it is vital to understand the company’s background and its functioning before opening a Demat account with them.

IIFL(India Infoline), is one of the leading players in the Indian Financial segment for the past 25 years. The company is incorporated by Nirmal Jain to offer a wide range of financial services to its customers. 

IIFL Branches are more than 4000 across 900 cities of India, and to date, they are serving over 4 million customers across India.

Also, read IIFL PMS

Not just India, IIFL has its branches outside India too such as New York, Dubai, UK, Singapore, Mauritius, Colombo, etc.

Now, let us discuss the Exchanges in brief.


Exchanges Meaning

The exchanges hold a very important place in the Indian Stock Market. But, what exactly are Exchanges?

Exchanges are a platform or a marketplace through which stocks, shares, and other commodities are bought or sold by a trader or an investor. 

The main idea behind having an exchange is to fairly conduct the trade in various trading and investment segments and to offer an unbiased and registered stock price in the stock market.

These exchanges offer a place to the companies, government, public agencies, and other corporates to sell their scripts to the interested people.

The prominent type of Exchanges includes the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Multi Commodity Exchange (MCX), and National Commodity and Derivatives Exchange of India (NCDEX).

There are 21 Regional Stock Exchanges, too, and to mention a few Calcutta Stock Exchange (CSE), Metropolitan Stock Exchange (MSE), India International Exchange (India INX), etc. who operate at a regional level.


Types of IIFL Exchanges

There are a few Indian Exchanges that are a part of IIFL. This means IIFL provides stocks or securities to its customers that are listed with them. 

Some type of IIFL exchanges are as follows

  1. NSE: NSE is also known as the National Stock Exchange and is one of the National level stock exchanges of India.

Incorporated in 1995, NSE is one of the largest stock exchanges in the world, particularly in terms of volume. 

NSE was founded by Mr. Vikram Limaye, and it was the first exchange to introduce an electronic trading system in the year 1992, which removed the paper-based and unorganized settlement system.

Through this exchange, IIFL offers its registered traders and investors with one of the reputed exchanges’ scripts.

        2. BSE: BSE is popularly known as the Bombay Stock Exchange and is the oldest, most famous, and largest stock exchange of Asia. 

BSE was founded in 1875 by Mr. Premchand Roychand and was initially known as The Native Share & Stock Brokers Association.

In the year 2018, BSE was estimated to have more than $4.9 trillion as of the capital market, making it the 10th largest stockbroker in the stock exchange marketplace in the world. 

It additionally offers fluctuated administrations, for example, advertises information administrations, CDSL (Central Depository Services Limited) security administrations, and so on.

         3.  MCX: MCX stands for Multi Commodity Exchange and is one of the commodity exchanges in India. 

Established in 2003 and provides option trading in gold and futures trading in energy, copper, lead, and other non- ferrous metals.

MCX, or Multi Commodity Exchange, is regulated by the Securities and Exchange Board of India (SEBI) and is among the top global commodity exchanges on the basis of future trade contracts.

         4.  NCDEX: National Commodity and Derivatives Exchange is popularly known as NCDEX and offers a commodity exchange platform to its customers to buy and sell stocks in the commodity segment.

NCDEX has over 848 registered members and offers trading and investment on above 40,000 trading terminals across India.


Benefits related to IIFL Exchanges

There are certain benefits of working with IIFL since it is registered with the top exchanges of India. 

These benefits include the following-

  1. Working with such stockbrokers that are listed on the Exchanges gives a protected place to the traders to buy and sell stocks safely and securely.
  2. Exchanges allow its customers to trade effectively in various scripts that are registered with the organizations.
  3. Buying or selling stocks through these exchanges ensures transparency in trading operations.
  4. These exchanges allow a trader or investor to conduct his trading in the stock market without physically going anywhere.
  5. Companies listed on these exchanges, such as IIFL, get more visibility and attract potential customers who are keen to conduct business with a prominent organization.

Closing Thoughts

IIFL Exchanges ensure that a trader or an investor, either it is an Intraday TraderMargin Trader, or Delivery Trader gets multiple stocks and scripts available in the stock market without going out.

IIFL being a top player in the financial service sector in India, delivers safe and secure scripts regulated by the SEBI (Securities and Exchange Board of India).

There are multiple exchanges with whom India Infoline is listed, such as NSE, BSE, NCDEX, and MCX. Each exchange has its own trading and investment segments such as EquityMutual FundsDerivatives, Commodity, CurrencyIPO, and a lot more!


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