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 ?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.
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