ICB Securities Trading Company Limited (ISTCL) was formed as a subsidiary company of Investment Corporation of Bangladesh (ICB) in the year 2000 to perform stock brokerage functions, as part of the restructuring programme of ICB under the Capital Market Development Programme (CMDP) initiated by the Government of Bangladesh (GoB) and the Asian Development Bank (ADB). 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.
The Company emerged as a public sector stock broking company just after the introduction of Automated Trading System in the country. The then Transaction Department of 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 started brokerage activities in Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange Limited (CSE) after having licenses from Bangladesh Securities and Exchange Commission (BSEC) on 13 August 2002 and 07 February 2004 respectively. The Company started its Stock Dealer function from 15 February 2010.
The Company offers stock brokerage 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 122 employees through 58 trading terminals, one of the largest networks in Bangladesh. ISTCL has passed 13 years of its voyage in providing full-fledged standard brokerage services and thus it has become the country’s leading stock brokerage service provider and gained trust and reliability of both the individual and institutional investors.