Draft rules on elec­tronic trad­ing

The Hindu Business Line - - BANKING -

The Re­serve Bank of In­dia on Thurs­day is­sued draft Elec­tronic Trad­ing Plat­form (ETP) Di­rec­tions, 2017, whereby no en­tity can op­er­ate an ETP with­out its au­tho­ri­sa­tion. ETP means any elec­tronic sys­tem or fa­cil­ity, other than a recog­nised stock ex­change, that fa­cil­i­tates buy­ing and sell­ing of el­i­gi­ble in­stru­ments (se­cu­ri­ties, money mar­ket in­stru­ments, for­eign ex­change and de­riv­a­tives). Ex­ist­ing ETPs will also be re­quired to ob­tain au­tho­ri­sa­tion un­der these di­rec­tions within six months of the date of is­sue of these di­rec­tions.

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