inter-connected stock exchange of india ltd

The Inter-Connected Stock Exchange of India Ltd (ISE) was incorporated in 1998, promoted by 15 regional stock exchanges to create a single, national-level trading platform. Its mission was to overcome geographical barriers for brokers and dealers of smaller exchanges, providing them with access to a larger, more liquid market and allowing investors to trade in a wider range of securities. However, with the increasing dominance and technological superiority of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), the business model of regional exchanges and ISE became unviable. Consequently, ISE applied for a voluntary exit, and the Securities and Exchange Board of India (SEBI) officially withdrew its recognition in December 2014, leading to the cessation of its operations as a stock exchange.