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.