ISE, OTCEI

Inter-connected Stock Exchange

(ISE)

ISE started its operations from August 29, 1998

in Vashi, Mumbai.
The main objective of ISE is to interlink 15
regional stock exchanges in order to ensure
better liquidity.
It helps in minimizing the cost of the regional
stock exchanges.
It is a national level stock Exchange, providing
trading, clearing, settlement, risk management
and surveillance support to its trading
members.
It has 841 trading members located in 18 cities.

Inter-connected Stock Exchange

(ISE)
These

intermediaries are administratively

supported through the regional offices at
Delhi, Kolkata, Patna, Ahmadabad, Coimbatore
and Nagpur, besides Mumbai.
The ISE is promoted by 12 regional stock
exchanges namely at Bangalore,
Bhubaneswar, Chennai, Cochin, Coimbatore,
Guwahati, Indore, Jaipur, Kanpur, Mangalore,
Magadh and Vadodara.
It is a stock exchange of stock exchanges,
members of the stock exchanges being
traders on the ISE.

Functions of ISE
Creates

a single integrated national level

solution with access to multiple markets.
Create liquid and vibrant national level market
for all listed companies in general and small
capital companies in particular.
Utilizing the under-utilized resources and
infrastructure of participating stock exchanges
Providing clearing and settlement facilities to
the trading members across the country at
their doorstep in a decentralised mode.
Spread Demat trading across the country.

Over the Counter Exchange of

India (OTCEI)
OTCEI

was established in the year 1992.

The main objective of OTCEI is to
providing a market for the smaller
companies that could not offered the
listing fees of the large exchange and did
not fulfill the minimum capital
requirement of listing.
It allows listing of small and medium
sized companies.
A company that wants to be listed in
OTCEI must have a minimum issued share

Over the Counter Exchange of India

(OTCEI)
Over

the counter exchange means trading

across the counter in scrip. The counter refers
to the location of the member or dealer of the
OTCEI where the deal or trade takes place.
Every counter is treated as trading floor for
OTCEI where the investor buy or sell.
Financial institutions, scheduled banks,
mutual funds and other non-banking financial
companies can be its members.
The dealers of OTCEI can be individuals,
partnership firms and corporate entities with
a minimum net worth of Rs. 5 lakhs

Objectives of OTCEI
To

provide a nation-wide investor

base to small companies.
To enable small companies to raise
capital at low cost.
To offer investor friendly and quick
trading facilities to investors.
To provide a single trading platform
for investors throughout the country.
To offer investor friendly and quick
settlement and delivery systems.

OTCEI
OTCEI

is incorporated as company under

section 25 of the Indian companies act
1956.
Promoters are UTI, ICICI, IDBI, IFCI, LIC,
GIC, SBI CAPITAL MARKET.
Parties/ Participants involved in OTCEI
Trading are Investor, Issuer Companies,
Members and Dealers, Market Makers,
Sponsors, Registrars and Custodians,
Central Clearing Bank, Settler,
Monitoring Agencies.