Exchanges

We cover all types of exchange-equity, fixed income, derivatives, futures and commodities. ISC has helped to establish more exchanges than any other consulting firm.

Our services include advising on:

  • Structure, ownership, governance, organisation, capacity building, risk management.
  • Modes of regulation including “self regulation”.
  • Procedures relating to all aspects of operations and regulation.
  • Risk based supervision for self regulated organisations.
  • Product and service diversification.
  • Privatisation and demutualisation.
  • Internationalisation, regionalisation, establishing new exchanges, rationalising existing exchanges, integration of exchanges and related institutions.
  • Rules/bylaws/regulations: relationships with listed companies and brokers (members, or those with the right to trade), trading, clearing, settlement, listing, discipline, appeals, all matters relating to risk management.
     
  • IT systems: trading, settlement, clearing, surveillance, MIS, information dissemination; hardware, software, preparation of requests for proposals, evaluations of proposals, contract negotiations, testing specifications, testing, implementation assistance and quality assurance.

  • Intermediaries: licensing standards, risk management, codes of conduct, compliance, back office systems.

  • Listed companies: listing standards, compliance, corporate governance, “second” or “growth” boards, cross border listings.