Sebi announces interoperability for stock exchanges from 1 April 2025
NSE to act as an alternative avenue to BSE in initial phase; move aimed to ensure business continuity
The Securities and Exchange Board of India (Sebi) on Thursday announced the interoperability of stock exchanges to ensure business continuity in the face of a technical glitch or an outage. The interoperability for cash, derivatives, currency derivatives, and interest rate derivatives will be effective from April 1, 2025.
“Upon discussion with exchanges, it has been decided that, to begin with, the NSE would act as an alternative trading venue for the BSE and vice-versa,” said Sebi.
Stock exchanges have been directed to issue a standard operating procedure (SOP) regarding it in the next two months.
Traders would be able to hedge their open positions by taking offsetting positions in identical or correlated indices on other exchanges, said Sebi.
2:47 PM
story data 2
news data 222
Connect with us on WhatsAppTopics : Aman Sehrawat
Buzzing :
Greece in crisisTravel & Budget & EuropeSaaS $ Email MarketingHarnautBlacklisting Policy 2Question Paper Leak 2A big moment for small armsAI in Financial Markets: How Technology is Changing Investing'India's size and diversity make it a powerful innovation engine'Datanomics: Housing, gold loans drive household debt to a decade highSamrat ChoudharyEl Nino
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Nov 29 2024 | 1:55 PM IST