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ICB Securities Trading Company Ltd. (ISTCL)

Background

ICB Securities Trading Company Limited (ISTCL) is a subsidiary of Investment Corporation of Bangladesh (ICB) under the provisions contained in Section-2 of the Companies Act, 1994. It was formed as a part of the restructuring programme of ICB under Capital Market Development Programme (CMDP) initiated by the Govt. of Bangladesh (GOB) and the Asian Development Bank (ADB) and in terms of power conferred in the ICB Ordinance. The company was incorporated with the Registrar of Joint Stock Companies and Firms under the Companies Act 1994 on 05 December 2000. The company obtained license from the Securities and Exchange Commission on 12 August 2002 to carry on the stock brokerage business. The company started its operation on 13 August 2002 upon the issuance of gazette notifications by the Government. The company is being operated pursuant to its own Memorandum and Articles of Associations, SEC's Rules and regulation and other applicable laws. It has independent Board of Directors and separate management.

Corporate Service

I. Provides online trading facilities for buying and selling securities listed with the bourses;

II. Works as a full service Depository participant in the Central Depository System;

III. Performs other brokerage services;

IV. Trades Securities for its own portfolio as Authorized Dealer of DSE;

V. Acts as selling agent under "Direct Listing Regulations 2006".

Web site: http://www.istcl.com.bd

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