Inter-connected Stock Exchange of India Ltd. (ISE) has floated ISS ENTERPRISE LIMITED. (ISS) as a wholly-owned subsidiary under the policy formulated by the Securities and Exchange Board of India (SEBI) for “Revival of Small Stock Exchanges”. The policy enunciated by the SEBI permits a stock exchange to float a subsidiary, which can take up membership of larger stock exchanges, such as the National Stock Exchange of India Ltd. (NSE), and Bombay Stock Exchange Ltd. (BSE).
ISS has been registered by SEBI as a Trading-cum-Clearing Member in the Capital Market segment and Futures & Options segment of NSE and Capital Market segment of BSE. Trading Members of ISE can access NSE and BSE by registering themselves with SEBI as Sub-brokers of ISS. Thus, the trading intermediaries of ISS can access other markets in addition to the ISE market and their local market. ISS, thus provides the investors in smaller cities, a one-stop solution for cost-effective and efficient trading and settlement services in securities.
ISS has commenced operations in the NSE segment from May 3, 2000 and the BSE segment from December 24, 2004, and is at present operating from 80 locations viz. Agra, Ahmedabad, Ahmednagar, Allahabad, Aurangabad, Bahadurgarh, Balasore, Baroda, Belgaum, Bhandara, Bhopal, Bhubaneshwar, Bina, Burdwan, Burhanpur, Chaibasa, Chapra, Chennai, Chhatrapur, Coimbatore, Cuttack, Darbhanga, Delhi, Dhakuria, Dhanbad, Ghaziabad, Goa, Guwahati, Gwalior, Hissar, Hubli, Hyderabad, Indore, Jaipur, Jalandhar, Jamnagar, Jamshedpur, Jharkhand, Kalyan, Kanpur, Karaikudi, Karnal, Karur, Katni, Khandwa, Kinnigoli, Kloor, Kolkata, Lashkar Gwalior, Lucknow, Madurai, Mangalore, Mumbai, Nagpur, Navi Mumbai, New Delhi, Noida, Ongole (A.P.), Palani, Patna, Perumannur, Pune, Punjab, Raichur, Raipur, Rajapalayam, Rajkot, Ranchi, Sagar, Salem,Sambalpur, Sangli, Sasaram, Silchar, Siliguri, Sirsa, Surat, Thane, Thiruvananthpuram,Tirupur and Vadodara.
ISS shall endeavor to provide flexible and cost-effective access to multiple markets to its intermediaries across the country using the latest technology.
Create a single integrated national-level solution with access to multiple markets by providing high cost-effective service to investors across the country.
Create a liquid and vibrant national-level market for all listed companies in general and small capital companies in particular.
Optimally utilising the existing infrastructure and other resources of Participating Stock Exchanges,which are under-utilised now.
Provide a level playing field to small Trading Members by offering opportunity to participate in a national market for investment-oriented business.
Spread demat trading across the country.