NSE expresses concerns over interoperability of clearing corporations

Exchange said that it is evaluating multiple dimensions including risk management, technology, legal and operational matters

The National Stock Exchange (NSE) has expressed its reservations over Securities and Exchange Board of India's (Sebi's) expert panel proposal of interoperability of clearing corporations. Interoperability allows trading members to clear trades through a firm of their choice. Under the current set up, clearing corporations are owned by the exchange on which the trades are executed.

In an email response, NSE said that it is supportive of all matters that are in the best interest of the Indian markets and investors. "Interoperability of clearing corporations is a material change to the existing market structure and is therefore being evaluated across multiple