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'''Inter-connected Stock Exchange Ltd.''' ('''ISE''') is an | '''Inter-connected Stock Exchange Ltd.''' ('''ISE''') is an Indian national-level [[Government of India|government owned]] [[stock exchange]], providing [[Trade (financial instrument)|trading]], [[Clearing (finance)|clearing]], [[Settlement (finance)|settlement]], [[risk management]] and surveillance support to its trading members. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]]. It started its operation in 1998<ref>{{cite web|url=http://www.expressindia.com/fe/daily/19980124/02455104.html |title=Inter-connected exchange to start operations in May |publisher=Expressindia.com |date=1998-01-24 |accessdate=2012-06-07}}</ref> in [[Vashi]], [[Mumbai]],<ref>{{cite web|author=Inter Connected Stock Exchange |url=http://maps.google.co.in/maps?hl=en&client=firefox-a&ie=UTF-8&q=interconnected+stock+exchange+address&gl=in&hq=interconnected+stock+exchange&hnear=Mumbai,+Maharashtra&ei=xINvTYvKA4X3rQfsjIWADw&oi=local_result&ved=0CCEQnwIwAA |title=interconnected stock exchange address - Google Maps |publisher=Maps.google.co.in |date=1970-01-01 |accessdate=2012-06-07}}</ref> and has 841 trading members, who are located in 18 cities. These intermediaries are administratively supported through the regional offices at [[Delhi]], [[Kolkata]], [[Patna]], [[Ahmedabad]], [[Coimbatore]] and [[Nagpur]], besides [[Mumbai]].<ref>{{cite web|url=http://www.lawyersclubindia.com/forum/Interconnected-stock-exchange-of-india-limited-918.asp |title=Interconnected Stock Exchange of India Limited|publisher=Lawyersclubindia.com |accessdate=2012-06-07}}</ref> | ||
The ISE is promoted by 12 regional stock exchanges<ref>{{cite web|url=http://www.rediff.com/money/1998/sep/25inter.htm |title=Rediff on the NeT Business Interview/Joseph Massey |publisher=Rediff.com |date=1998-09-25 |accessdate=2012-06-07}}</ref> namely at [[Bangalore]], [[Bhubaneshwar]], [[Chennai]], [[Kochi]], [[Coimbatore]], [[Guwahati]], [[Indore]], [[Jaipur]], [[Kanpur]], [[Mangalore]], [[Magadh]] and [[Vadodara]].<ref>[http://www.icwai.org/icwai/knowledgebank/fm40.pdf ] {{webarchive |url=https://web.archive.org/web/20110719101433/http://www.icwai.org/icwai/knowledgebank/fm40.pdf |date=19 July 2011 }}</ref> The participating exchanges of ISE have 4,500<ref>{{cite web |author=V S Rama Rao |url=http://www.citeman.com/6229-interconnected-stock-exchange-of-india-and-regional-stock-exchanges/ |archive-url=https://archive.today/20120722145623/http://www.citeman.com/6229-interconnected-stock-exchange-of-india-and-regional-stock-exchanges/ |url-status=dead |archive-date=2012-07-22 |title=Interconnected Stock Exchange of India and Regional Stock exchanges |publisher=Citeman.com |accessdate=2012-06-07 }}</ref> members and listed securities. It is a stock exchange of stock exchanges,<ref name="Pathak2007">{{cite book|author=Pathak|title=The Indian Financial System: Markets, Institutions And Services, 2/E|url=https://books.google.com/books?id=2eZ1nuzYCwwC&pg=PA201|year=2007|publisher=Pearson Education India|isbn=978-81-7758-562-9|page=201}}</ref> members of the stock exchanges being traders on the ISE. | The ISE is promoted by 12 regional stock exchanges<ref>{{cite web|url=http://www.rediff.com/money/1998/sep/25inter.htm |title=Rediff on the NeT Business Interview/Joseph Massey |publisher=Rediff.com |date=1998-09-25 |accessdate=2012-06-07}}</ref> namely at [[Bangalore]], [[Bhubaneshwar]], [[Chennai]], [[Kochi]], [[Coimbatore]], [[Guwahati]], [[Indore]], [[Jaipur]], [[Kanpur]], [[Mangalore]], [[Magadh]] and [[Vadodara]].<ref>[http://www.icwai.org/icwai/knowledgebank/fm40.pdf ] {{webarchive |url=https://web.archive.org/web/20110719101433/http://www.icwai.org/icwai/knowledgebank/fm40.pdf |date=19 July 2011 }}</ref> The participating exchanges of ISE have 4,500<ref>{{cite web |author=V S Rama Rao |url=http://www.citeman.com/6229-interconnected-stock-exchange-of-india-and-regional-stock-exchanges/ |archive-url=https://archive.today/20120722145623/http://www.citeman.com/6229-interconnected-stock-exchange-of-india-and-regional-stock-exchanges/ |url-status=dead |archive-date=2012-07-22 |title=Interconnected Stock Exchange of India and Regional Stock exchanges |publisher=Citeman.com |accessdate=2012-06-07 }}</ref> members and listed securities. It is a stock exchange of stock exchanges,<ref name="Pathak2007">{{cite book|author=Pathak|title=The Indian Financial System: Markets, Institutions And Services, 2/E|url=https://books.google.com/books?id=2eZ1nuzYCwwC&pg=PA201|year=2007|publisher=Pearson Education India|isbn=978-81-7758-562-9|page=201}}</ref> members of the stock exchanges being traders on the ISE. | ||