Monday, May 16, 2016

RBI to prescribe norms for electronic dealing platforms

The Reserve Bank of India is planning to prescribe a framework for authorization of electronic dealing platforms for financial instruments regulated by it such as corporate bonds, commercial papers, certificate of deposits and derivative products. NDS-OM is an anonymous electronic platform for trading in government securities. CROMS is a straight-through processing-enabled electronic anonymous order-matching platform to facilitate dealing in market repos in G-Secs.

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