Nism, National Institute Of Securities Markets
The National Institute of Securities Markets (NIASM) is an organization established by the Securities and Exchange Board of India (SEBI) in 1994 to provide a platform for the sharing of information and promotion of cooperation among various participants in the Indian securities market.
Key functions of NIASM:
- Market data dissemination: Provides real-time and historical market data to participants, including price quotes, order book, derivatives data, and corporate action data.
- Data standardization: Establishes standards for data formats and methodologies to ensure consistency and accuracy.
- Regulatory support: Provides information and assistance to regulators in developing and implementing securities regulations.
- Industry development: Promotes the growth and development of the Indian securities market by creating a platform for information sharing and collaboration.
- Training and education: Offers training programs and educational resources for professionals in the securities industry.
Major initiatives of NIASM:
- Market Information System (MIS): An online platform that provides a central repository of market data and information.
- Electronic Data Gathering (EDG): A platform for collecting and disseminating market data electronically.
- Corporate Action Data System (CADS): A platform for providing information on corporate actions, such as mergers and acquisitions.
- Data Standardization Initiative: Introduction of standardized data formats and methodologies.
- Industry Development Programs: Initiatives to promote the growth and development of the Indian securities market.
Benefits of NIASM:
- Increased transparency: Provides a more comprehensive and accessible source of market data, improving transparency and efficiency.
- Reduced costs: Streamlines data collection and dissemination processes, reducing costs for participants.
- Enhanced market integrity: Promotes accurate and reliable market data, which helps maintain market integrity.
- Improved decision-making: Provides data and insights to help participants make informed investment decisions.
- Increased market participation: Creates a more vibrant and active market by facilitating data sharing and collaboration.
Overall, NIASM plays a crucial role in the Indian securities market by providing a platform for data sharing, standardization, and industry development. It has significantly improved market transparency, efficiency, and overall integrity.