Internet Based Trading (IBT)

The Securities & Exchange Board of India (SEBI) approved the report on Internet Trading brought out by the SEBI Committee on Internet Based Trading and Services In January 2000. Internet trading can take place through order routing systems, which will route client orders to exchange trading systems for execution. Thus a client sitting in any part of the country would be able to trade using the Internet as a medium through brokers' Internet trading systems.

SEBI-registered brokers can introduce Internet based trading after obtaining permission from respective Stock Exchanges. SEBI has stipulated the minimum conditions to be fulfilled by trading members to start Internet based trading and services, vide their circular no. SMDRP/POLICY/CIR-06/2000 dated January 31, 2000.

Download Members who have been granted permission for Internet trading (.zip)

Internet Trading Statistics

Internet Trading at NSE

NSE became the first exchange to grant registration to its members for providing Internet based trading services. In line with SEBI directives, NSE has issued circulars detailing the requirements and procedures to be complied with by members desirous of providing Internet based trading and services. Members may please refer to circular no. NSE/MSD/61825 and NSE/MSD/62692 dated April 30,2024 and June 28, 2024 respectively and updated from time to time.

Members can procure the Internet trading software from software vendors who are empanelled with NSE or they may develop the software through their own in-house development team or may procure the software from other non-empanelled vendors.

Members can also avail of services provided by Application Service Providers (which may inter-alia include providing / maintaining software / hardware / other infrastructure etc.) for providing Internet based trading services subject to the Application Service Provider (ASP) being empanelled with the Exchange for providing such services.

The Exchange has issued master circular no. NSE/MSD/61825 and NSE/MSD/62692 dated April 30,2024 and June 28, 2024 respectively and updated from time to time, detailing the formalities / requirements for members desirous of using ASPs for providing Internet based trading services as well as formalities / requirements for ASPs desirous of being empanelled with the Exchange for providing such services to trading members of NSE.

Vendors and ASPs empanelled with NSE

Vendors/ASPs desirous of being empanelled with the Exchange for providing Internet trading solutions to the trading members of the Exchange can refer to the master circular no. NSE/MSD/61825 dated April 30, 2024 and updated from time to time, detailing the requirements and procedures to be complied with by vendors for empanelment.

Click here for the list of vendors empanelled with NSE