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Calcutta Stock Exchange was founded in 1908 after a clutch of Bengali families and several others with the then big British brokers had a meeting as early as 1905. They decided to secure a 'Meeting place for business', which finally was started in the ground and mezzanine floors of the current location. Calcutta Stock Exchanges manual system had several limitations. To master these limitations Calcutta Stock Exchange chose CMC. The CSE Screen Based Trading & Reporting system (CSTAR) is designed to be a user-friendly, screen-based computer trading system developed by CMC Ltd. for the use of The Calcutta Stock Exchange Association Ltd. The brokers are connected by the local area network and wide area network using the state-of-the-art with optical fibre cables.
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