Question

What is Interoperability in connection with trades executed at Stock Exchanges?

A Interoperability refers to a mechanism wherein trades executed on any exchange—BSE, NSE or MSEI —can be settled or cleared through any of the clearing corporations and not necessarily restricted to the clearing corporation of the exchange on which the trade was done.

B Interoperability refers to a mechanism wherein trades executed on any exchange—BSE, NSE or MSEI —can be traded any number of times by a single investor.

C Interoperability is the process by which a client can get physical certificates converted into electronic balances for any trade executed at BSE or NSE

D Interoperability refers to a mechanism wherein trades executed on any exchange—BSE, NSE or MSEI —will be halted if the price of the trade reaches beyond a threshold level

E None of the above

Practice Next