New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The Securities and Exchange Board of India (SEBI)

    officially has the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE). What is the main purpose of the Investor Risk Reduction Access (IRRA) platform ?
    A Enhancing traditional trading methods Correct Answer Incorrect Answer
    B Revolutionizing investor experience by addressing technical glitches Correct Answer Incorrect Answer
    C Promoting algorithmic trading for investors Correct Answer Incorrect Answer
    D Facilitating institutional clients in trading Correct Answer Incorrect Answer
    E Managing cybersecurity risks in the stock market Correct Answer Incorrect Answer

    Solution

      The Securities and Exchange Board of India (SEBI) has officially the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE).This innovative platform, conceptualized and implemented by Market Infrastructure Institutions (MIIs), is poised to revolutionize the investor experience by addressing potential risks arising from technical glitches at Trading Member ends.   The platform is specifically designed to cater to investors utilizing Internet-based trading and Security Trading through Wireless Technology, excluding algo trading and institutional clients.The IRRA platform offers a recourse mechanism for Trading Members who encounter technical glitches, impacting their ability to serve clients across exchanges at both the Primary site and Disaster Recovery site. The platform provides a crucial lifeline for investors, ensuring they can actively manage their portfolios even in the face of unexpected technical disruptions.

    Practice Next

    Relevant for Exams: