Interoperability refers to a mechanism wherein trades executed on any exchange—BSE, NSE or MSEI —can be settled or cleared through any of the clearing corporations and not necessarily restricted to the clearing corporation of the exchange on which the trade was done. For instance, a trade executed on NSE can be settled through BSE’s Indian Clearing Corporation and vice versa. The interoperability system, which allows smooth settlement of equity trades done across exchanges, is set for an overhaul after the technical glitch at the National Stock Exchange in February raised questions about its effectiveness. The Securities and Exchange Board of India wants to revamp the existing system to ensure that trades will are executed even if one of the exchanges faces a breakdown during market hours.
According to the 2011 census, what percentage of India's population is engaged in secondary work?
To levy green tax on vehicles a bill has been passed by which of these state governments?
The Ministry of Defense has approved the purchase of military equipment abroad, by the three banks, name them?
What significant economic forecast did UNCTAD make for India in 2024?
What new benchmark has the RBI proposed to replace MIBOR for the interest rate derivatives market?
What is Repo Rate?
By what percentage did India's core sector grow in May 2024 compared to the same period last year?
For the first time in India, the Kisan Diwas was celebrated on which of the following years?
Roaring Forty is
Which Indian state observes the Chapchar Kut festival in March, commemorating the conclusion of the jhum cultivation process?
