 "Sebi")
The Securities and Exchange Board of India (Sebi) has asked stock exchanges to set up an Investor Risk Reduction Access (IRRA) platform to enable investors to square-off or close their open positions and cancel pending orders in case of a technical glitch at the stockbroker.
The capital markets regulator, in a circular issued on December 30, said that the IRRA service will support multiple segments across exchanges. The service will be enabled upon the request of stockbrokers facing technical glitches that disrupt trading.
Stock exchanges will also be able to initiate the service suo moto by monitoring parameters like connectivity,
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