ICB Securities Trading Company Limited

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ICB Securities Trading Company Limited (ISTCL) emerged as a public sector stock broking company just after the introduction of Automated Trading System in the country. The then Transaction Department of Investment Corporation of Bangladesh (ICB) turned into ISTCL adopting electronic trading system and upgraded technologies in delivering services. At the opportune moment, ISTCL was established amidst high hopes and aspirations of the country’s investors in trading securities.  The Company offers stock broking services for its diverse clients through the extended network of head office and 07 (seven) branch offices in major important cities of the country. These services are made available by a highly dedicated workforce of 123 employees through 48 trading terminals, one of the largest networks in Bangladesh. ISTCL has passed twelve years of its voyage of providing full-fledged standard brokerage service and is flying fast to rise and prosper. Now-a-days, ISTCL has become country’s leading stock brokerage service provider and gained trust and reliability of both the individual and institutional investors of the country.

Under the provisions contained in Section-2 of the Companies Act, 1994, ISTCL was formed as a fully owned subsidiary company of ICB to act as a member of stock exchanges. It was formed as part of the restructuring programme of ICB under Capital Market Development Programme (CMDP) initiated by the Government 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 Bangladesh Securities and Exchange Commission (BSEC) on 11 August 2002 to carry on the stock brokerage business with Dhaka Stock Exchange Limited and started its operation on 13 August 2002 upon the issuance of gazette notifications by the Government. The Company obtained license from BSEC for stock brokerage functions with Chittagong Stock Exchange Limited on 07 February 2004 and it started its function as Stock Dealer from 15 February 2010. The Company is being operated pursuant to its own Memorandum and Articles of Association, BSEC’s rules and regulations and other applicable laws. It has independent Board of Directors and separate management.

 



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