Under this scheme, the dealers would get access to a market created by 15 stock exchanges and two national level stock exchanges -- National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The iAccess is being offered at an introductory price of Rs 5 lakh per dealership. With a small investment of Rs 5 lakh any one can trade in a consolidated marketed created by 15 exchanges and also on NSE and BSE said Joseph Massey, managing director, ISE.

Massey claimed that after the excellent response received for iAccess in Mumbai, the ISE decided to move to other markets and within a span of one week, the ISE appointed 50 dealers in Mumbai itself. The demand for such multi-exchange participation had come from all quarters like NSE and BSE members, subsidiaries of various banks, financial institutions, NBFC's, sub brokers and professionals.

The ISE is now offering "iAccess" in other markets too in the country. The dealers under iAccess would be well regulated as they would be registered as brokers by SEBI. They would be supported by a decentralised infrastructure as against a centralised infrastructure available from most of other large exchanges to their intermediaries operating at distant centres. This would ensure greater convenience and higher investor confidence in the system as all support including investor grievances is provided locally. This would also ensure a cost effective service from a national level exchange to the investors. While the clearing and settlement, banking and dispute redressed system has been decentralised for the convenience of he traders and dealers, the ISE has centralised risk management system which is totally system driven. This ensures significant minimisation of risk in ISE market as traders or dealers cannot impart more than a safe level of risk which is additionally protected by settlement guarantee fundand insurance.

Massey claimed that ISE is a professionally run exchange where the regulation of market is exclusively left to the professionals and the board is chaired by a public representative as the chairman.