As part of the restructuring programme of the Investment Corporation of Bangladesh (ICB) under the Capital Market Development Programme (CMDP) initiated by the Government of the People’s Republic of Bangladesh (GoB) and the Asian Development Bank (ADB), ICB Securities Trading Company Limited (ISTCL) as formed as a subsidiary company of Investment Corporation of Bangladesh (ICB) in the year 2000 to perform stock brokerage functions.
The Company is being operated pursuant to its own Memorandum and Articles of Association, Bangladesh Securities and Exchange Commission (BSEC)’s rules and regulations and other applicable laws of the land. The Company emerged as a public sector stock brokerage company just after the introduction of Automated Trading System in the country. The Transaction Department of ICB was turned into ISTCL adopting electronic trading system and upgraded technologies in delivering services. 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 the 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 ISTCL offers stock brokerage services for its diverse clients through the extended network of head office and 07 (seven) branch offices in major cities of the country. These services are made available by a highly dedicated workforce of 120 employees through 60 trading terminals, one of the largest networks in Bangladesh. ISTCL has passed 14 years of its voyage by providing full-fledged standard brokerage services and thus it has become one of the leading stock brokerage service providers and gained trust and confidence of both the individual and institutional investors.