According to Massey, the ISE's user-friendly systems with decentralised support and centralised controls would focus on convenience of traders on one hand and look at the safety of the market on the other. ``The ISE would soon be at a take-off stage and more exchanges and more traders would join the exchange thereafter,'' he said. Earlier, addressing the reporters, ISE Chairman M R Mayya indicated that the future products to be rolled out by the ISE would ensure much greater liquidity and volume on the exchange. He said that the exchange had already applied to SEBI for permission to trade with Mumbai and other centres so as to provide trading facilities to the members of the participating stock exchanges.

``It is proposed to expand five to 10 good cities in an around each participating exchange,'' Mayya said. Currently over 60 traders are participating over ISE, out of 197 registered with the SEBI and the balance 100 application of traders are expected to be registered shortly, Mayya said.

He further said that the focus of ISE was to consolidate and strengthen the regional stock exchanges with specific focus on retail investors and small capital companies listed on regional stock exchanges. Mayya also said that the exchange used state-of-the-art trading, clearing and settlement and risk mismanagement systems which enabled a trader located in any participating exchange to trade with his counterpart from any participating exchange across the country with the same level of convenience as available from the local market.