Inter-connected Stock Exchange of India
Location | Mumbai, India |
---|---|
Founded | 1998 |
Owner | Ministry of Finance, Government of India. |
Currency | Indian rupee (₹) |
Website | www |
Inter-connected Stock Exchange Ltd. (ISE) is an Indian national-level stock exchange. under the ownership of Ministry of Finance, Government of India. It is responsible for providing
The ISE is promoted by 12 regional stock exchanges members of the stock exchanges being traders on the ISE.
History
At a meeting of the Federation of Indian Stock Exchanges held in October 1996, a steering committee was formed to evolve an Inter-Connected Market System. As a result, Inter-connected Stock Exchange (ISE), which was promoted by 14 regional stock exchanges of the country (excluding Calcutta, Delhi, Ahmedabad, Ludhiana and
ISE was launched with an objective of converting small, fragmented and illiquid markets into large, liquid national-level markets. ISE is also a professionally managed
Services
Membership
A registered Member is entitled to execute trades and to clear and settle trades executed on his own account as well as on account of his clients in the Capital Markets Segment. Membership of the Exchange is open to corporate entities, individuals and partnership firms who fulfill the eligibility criteria laid down by SEBI and ISE
Depository services
Inter-connected Stock Exchange is a Depository Participant of Central Depository Service (India) Limited (CDSL)[9] and National Securities Depository Limited (NSDL).[10] ISE-DP has branches at Delhi, Kolkata, Patna, Guwahati, Ahmedabad, Hyderabad, Nagpur, Coimbatore, Tirunelveli and 155 Collection Centers across the country. Following depository services of CDSL are provided to the individual and corporate investors by ISE-DP:[11]
- Dematerialisation (Demat)
- Rematerialisation (Remat)
- Pledge of Demat securities
- Electronic Access to Securities Information & Execution of Secured Transactions (easiest)
- Settlement of securities in Demat Mode
- Electronic Access to Securities Information (easi)
Research and Training
The ISE Training centre was established in November, 2000.[12] It is a classroom training program on subjects related to the capital market, such as equities trading and settlement procedure, derivatives trading, day trading, arbitrage operations, technical analysis, financial planning, and compliance requirement.[13] ISE also offers Joint Certification Training programmes in association with its partners.
Listing
The trading platform of ISE enables the 'Indian companies' to access equity capital, by providing a liquid and well-regulated market.[14] Scrips which are already being traded on stock exchanges across India are traded on the Exchange. ISE's trading members in India trade on the scrips and provide liquidity and visibility to such scrips.
See also
References
- ^ "Inter-connected exchange to start operations in May". Expressindia.com. 24 January 1998. Retrieved 7 June 2012.
- ^ Inter Connected Stock Exchange (1 January 1970). "interconnected stock exchange address - Google Maps". Google Maps. Retrieved 7 June 2012.
- ^ "Interconnected Stock Exchange of India Limited". Lawyersclubindia.com. Retrieved 7 June 2012.
- ^ "Rediff on the NeT Business Interview/Joseph Massey". Rediff.com. 25 September 1998. Retrieved 7 June 2012.
- ^ [1] Archived 19 July 2011 at the Wayback Machine
- ^ V S Rama Rao. "Interconnected Stock Exchange of India and Regional Stock exchanges". Citeman.com. Archived from the original on 22 July 2012. Retrieved 7 June 2012.
- ISBN 978-81-7758-562-9.
- ^ "Sebi approves exit of Interconnected Stock Exchange". Business Standard. 8 December 2014. Retrieved 18 June 2018.
- ^ "Depository Services: Basics to Benefits". Financialexpress.com. 26 May 2002. Retrieved 7 June 2012.
- ^ "NSDL". NSDL. Retrieved 7 June 2012.
- ^ "Inter-connected Stock Exchange of India Ltd". www.iseindia.com. Retrieved 30 November 2015.
- ^ [2] Archived 3 March 2011 at the Wayback Machine
- ^ "Training brochure" (PDF). Retrieved 12 March 2021.
- ^ [3] Archived 21 July 2011 at the Wayback Machine