 "Sebi")
63 Moons Technologies on Friday said it will challenge the order passed by markets regulator Sebi with respect to the company providing Straight Through Processing (STP) services.
On Thursday, Securities and Exchange Board of India (Sebi) said that 63 Moons has been offering STP services without its approval and allowed the company to provide such services for three more months to clients in order to avoid any possible disruptions for securities market participants.
Generally, financial firms use STP to pass information electronically in order to optimise the speed at which they process transactions. This eliminates the need for a hands-on re-entry of
