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Home  About Us Organisation
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Objectives Of The Company
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LSC Securities Limited is a subsidiary of the Ludhiana Stock Exchange, which was
formed with an objective to enhance business and investment opportunities for the
investors and members of Ludhiana Stock Exchange at large, through innovative products
by encompassing a variety of activities related to the capital market.The company
has a paid-up capital of Rs 6.52 crores.
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Introduction Of The LSC SECURITIES LTD.
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LSC Securities Ltd., was incorporated in January, 2000 with a view to revive the
capital market in the region and for taking full advantage of the emerging opportunities
being provided by expansion of bigger stock exchanges like NSE and BSE. The company
since its inception has marched forward rapidly and achieved many milestone in a
short span of existence.
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Governing Council
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The Council of the management of the Company comprises of 10 directors of which
3are broker members and 7non-brokers. Five non broker members are Independent Directors
of eminent status from the field of finance, law and management and remaining two
are Chief Executive Officer of LSC Securities Limited and Executive Director of
the holding company (Ludhiana Stock Exchange), who are on the Board of the company
as ex-officio Directors. Thus the council of management has representation of sub-brokers
as well as professionals and subject specialists representing various fields of
business activities. Operations of the company are run in a professional, transparent
and fair manner keeping in view of the interest of investors as well as other stake-holders.
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Corporate Membership Of NSE & BSE
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SEBI, at the initiative of LSC, permitted smaller Stock Exchanges, to trade on bigger
Stock Exchanges through their subsidiary companies. The Ludhiana Stock Exchange
floated its subsidiary company, the LSC Securities Limited, with the objective of
obtaining trading rights on bigger Stock Exchanges. It has obtained corporate membership
of both NSE and BSE in the first half of year 2000.
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Trading At NSE & BSE
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The LSC Securities Ltd. commenced trading operations in Capital Market Segments
of BSE and NSE in September, 2000 and December 2000 respectively. The turnover of
the Company at NSE and BSE is growing by leaps and bounds ever since in incorporation.
There was encouraging response from the sub-brokers specially at NSE counters.During
the financial year 2005-06, the Company recorded a turnover of Rs. 7975 crores and
Rs.3834 crores in "Capital Market" segments of NSE and BSE respectively. For the
year ended 2005-2006, there were 128 sub-brokers registered for NSE and 68 for BSE.
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F&O Segment Of Nse
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The LSC Securities Ltd. commenced trading operations in Future and Options Segment
of NSE in February 2002. The Company became the first subsidiary of any Regional
Stock Exchange which commenced trading in “F&O” Segment of NSE. Response to trading
facilities in the “F&O” segment of NSE has been very encouraging and volumes generated
in this segment soon exceeded those in “Capital Market” segment.
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Trading Through V-Sats
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The LSC Securities Limited has provided facility to its sub-brokers for trading
on NSE and BSE through VSAT counters which are located outside Stock Exchange Building.
During 2005-2006, 27 sub-brokers of the company have been trading through VSAT on
NSE and 13 on BSE.
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Certification In Financial Market
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In order to provide professional services to the investors of LSC Securities Limited
through its sub-brokers, the company motivated its sub-brokers and its staff to
qualify the certification in financial markets conducted by NSE. All trading terminals
for Capital Market Segment and F&O segment are being operated by the persons after
having qualified the said certification
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Depository Participant Services – National Securities Depository Limited (NSDL)
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The LSC Securities Ltd. commenced its operations as Depository Participant of NSDL
in August 2000. The DP services provided by the Company have technology edge over
other DPs, as DP of the company is the only On-line Real-Time DP in the region.
As a result of efficient services and competitive rates, the Company has been able
to increase its market share in the DP business at the cost of other DPs in the
region. As on date DP of NSDL and CDSL of the Company at Ludhiana is servicing over
35000 beneficiary accounts.
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Depository Participant Services – Central Depository Services (INDIA) Limited (CDSL)
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In order to further strengthen its services to sub-brokers and investors, the Company
applied for the DP of CDSL. It started DP operations of CDSL in December 2001. With
the operationalisation of DP Services of CDSL, the Company has been able to provide
delivery of shares to sub-brokers and investors on the day of pay-out which in turn
helps the sub-brokers to give timely deliveries to their clients. Introduction of
CDSL operations has also enabled the sub-brokers and investors of the Company to
timely meet the pay-in obligations of securities purchased by the investors on BSE
and sold next day on NSE through the Company and vice-versa.
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Expansion Projects
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To increase its presence in the region further, the company plans to open its branches
of Depository Services in the major cities of the region. To start with, it has
already opened its branches at Jalandhar Amritsar and Chandigarh.
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