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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. For instance, a trade executed on NSE can be settled through BSE’s Indian Clearing Corporation and vice versa. The interoperability system, which allows smooth settlement of equity trades done across exchanges, is set for an overhaul after the technical glitch at the National Stock Exchange in February raised questions about its effectiveness. The Securities and Exchange Board of India wants to revamp the existing system to ensure that trades will are executed even if one of the exchanges faces a breakdown during market hours.
In which Indian state is the world's first 'Black Tiger Safari' set to be established?
What is the primary purpose of the geospatial foundation model unveiled by IBM and NASA?
ICMR has recently signed a MoU with which IIT for medical technology development?
Which of the following countries hold the G20 Presidency in 2022?
What is celebrated during the 'VIRAASAT' exhibition in New Delhi?
What is the total outlay for the Scheme for Strengthening the Medical Device Industry?
What campaign did Prime Minister Narendra Modi initiate across the country aimed at making pilgrimage sites clean?
Which petroleum refinery company has signed an MoU with French major TotalEnergies for exploration of deep-water blocks especially in Mahanadi and Andam...
India has won many gold medals in Archery World Cup Stage 1 in Turkey, Istanbul?
The fifth session of the United Nations Environment Assembly (UNEA-5.2) took place online and in Nairobi. The overall theme for UNEA-5 was _______________.