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.