The issue of inter-operability between the various vendors facilitating straight through processing (STP) in the stock market is taking a new turn.
The technology platform used by National Securities Depository Ltd (NSDL) is likely to be used by others as it is understood to have the tacit backing of the capital market watchdog Securities and Exchange Board of India (Sebi).
NSDL has been appointed the convenor to resolve the issue of interoperability of the various service providers.
This is a crucial issue since without it, STP would be non-existent. STP envisages seamless connectivity between the various segments of the market so that an instruction which originates at the brokers
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