The book presents the concepts and practices of the working of stock exchanges in India. A comparison of US as well stock exchanges abroad, both developed and emerging, have been presented. The evolution from forward trading, badla, to rolling settlement has been traced.The book covers# Functions of the stock exchange# Role of SEBI in regulating markets and their working# Functioning of BSE, NSE and OTCEI# Insider trading# Market indicator series and trends in share prices# Depositories# Trading in derivativesThe book includes a glossary and an index.