Question
What is Interoperability in connection with trades
executed at Stock Exchanges?Solution
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.
MANDATORY
- Choose the alternative which is closest to the opposite in meaning of the bold word in the sentence.
The manager was oblivious to the concerns rais... 15. A) Certain B) Velocity C) Slowness D) Settled
- Select the most appropriate meaning of the given word.
Luminous A) Torment      B) Help       C) Lament      D) Regret
...Choose the correctly spelled word.
The student was diligent in completing his assignments.
Select the most appropriate ANTONYM of the given word.
ImpeccableÂ
Using or containing more words than are needed
...- Choose the alternative which can replace the bold word without changing the meaning of the sentence.
Her benevolent nature made her popular among t...
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