Indian Stock Exchanges Services Corporation (ISESC) is promoted by second-rung stock exchanges of the country and is floated as a company under Section 35 of Companies Act. ISESC came to functional on June 1998. In ISESC there are 14 members including Bangalore, Bhubaneswar, Cochin, Coimbatore, Guwahati, Hyderabad, Jaipur, Kanpur, Ludhiana, Madhya Pradesh, Mangalore, Patna, Saurashtra and Vadodara stock exchanges. ISESC provides trading, clearing and settlement services to traders.
Indian Stock Exchanges Service Corporation (ISESC) is mainly promoted for interconnectivity purposes. An ISESC member can choose among Bombay On-Line Trading (BOLT) and ISESC. At the same time, the investors and brokers will also have a choice of trading on the premier stock exchange. ISESC is likely to emerge as a third force after NSE (National Stock Exchange of India) and BOLT. ISESC is expected to provide a wider choice to small local and regional level companies. Such companies do not attract the attention of brokers and investors of other than their local stock exchanges.
ISESC will provide a wider choice for the investors in terms of good companies listed with different stock exchanges.