Leading stock exchange BSE on Monday activated its Request for Quote Platform (RFQ) that enables trade execution and settlement in debt securities.
The bourse has received market regulator Sebi's approval to launch RFQ in debt securities from February 3, it said in a statement.
The new electronic platform would offer better features and flexibility than over-the-counter (OTC) markets and will offer a lot more transparency and better efficiency. RFQ will be part of BSE's existing reporting and settlement platform NDS-RST for corporate debt securities, the exchange noted.
The list of eligible securities include corporate bonds, securitised debt instruments, municipal debt securities, government securities, state development loans, treasury bills, commercial papers and certificates of deposit or any other security as specified by the exchange from time to time.
Also, the platform includes easy registration process, role-based user management and counterparty-based risk management features.
Besides, NSE's RFQ will be launched by Sebi Chairman Ajay Tyagi on Tuesday, February 4.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app