Rbi electronic trading platform
The Reserve Bank of India today released Draft Directions for authorising Electronic Trading Platforms for financial market instruments regulated by the Reserve Bank. Comments on the draft guidelines are invited from banks, market participants and other interested parties by November 10, 2017. Electronic Trading Platform (ETP) means any electronic system or facility, other than a recognised stock exchange, that facilitates buying and selling of eligible instruments as defined in para 3(iii). ‘ETP Operator’ means the person authorised by the Reserve Bank to operate the ETP. The Reserve Bank of India (“RBI”) issued the Electronic Trading Platforms (Reserve Bank) Directions, 2018 (“ETP Directions”) on October 5, 2018 with a view to regulate the financial system of the country and in exercise of the powers conferred on the RBI under the Reserve Bank of India Act, 1934 (“RBI Act”). Please refer to Paragraph 9 of the Statement on Developmental and Regulatory Policies, Reserve Bank of India issued as part of the Fourth Bi-monthly Monetary Policy Statement for 2017-18 dated October 04, 2017, wherein it was stated that the Reserve Bank shall put in place a framework for authorization of electronic trading platforms (ETPs) for RBI hereby issues Electronic Trading Platforms (Reserve Bank) Directions, 2018 to the entities operating Electronic Trading Platforms (ETPs) to transact trade Please refer to the Statement on Developmental and Regulatory Policies dated June 06, 2019, announcing the introduction of an electronic trading platform for buying/selling foreign exchange by retail customers of banks. The platform, FX-Retail, is ready for rollout by the Clearing Corporation of India Limited (CCIL) on August 05, 2019. 2.
The Reserve Bank of India is planning to prescribe a framework for authorisation of electronic dealing platforms for financial instruments regulated by it, according to Harun R Khan, Deputy Governor.
The Reserve Bank of India is planning to prescribe a framework for authorisation of electronic dealing platforms for financial instruments regulated by it, according to Harun R Khan, Deputy Governor. They would develop an electronic spot trading platform for retail customers modelled on their existing interbank spot trading platform. Based on experience gathered, vendors of other FX platforms may be allowed to offer similar retail platforms in the future. The key features of the proposed platform are as: i. 7. Trading venues. Repo transactions may be traded on any recognized stock exchanges, or an electronic trading platform (ETP) duly authorised by the Reserve Bank or in the over-the-counter (OTC) market. However, prior approval of the Reserve Bank is required for trading repos on any trading platform, including on recognized stock exchanges. 8. It also enables better market surveillance and, therefore, discourages market abuse and unfair trading practices. The Reserve Bank shall put in place a framework for authorisation of electronic trading platforms (ETP) for financial market instruments regulated by the Reserve Bank. The Reserve Bank of India (“RBI”) issued the Electronic Trading Platforms (Reserve Bank) Directions, 2018 (“ETP Directions”) on October 5, 2018 with a view to regulate the financial system of the country and in exercise of the powers conferred on the RBI under the Reserve Bank of India Act, 1934 (“RBI Act”). Trading on electronic platforms is being encouraged across the world as it enhances pricing transparency, processing efficiency and risk control. It also enables better market surveillance and, therefore, discourages market abuse and unfair trading practices.
RBI hereby issues Electronic Trading Platforms (Reserve Bank) Directions, 2018 to the entities operating Electronic Trading Platforms (ETPs) to transact trade
The RBI paper preferred the second option as it provided a ‘market-based solution’ to determine pricing in foreign exchange markets. An inter-bank electronic trading platform was proposed to be created by the Clearing Corporation of India Limited . This mechanism is expected to improve transparency in pricing by fostering competition while reducing the cost of transactions and risks for AD banks. The Reserve Bank of India ("RBI") issued the Electronic Trading Platforms (Reserve Bank) Directions, 2018 ("ETP Directions") on October 5, 2018 with a view to regulate the financial system of the country and in exercise of the powers conferred on the RBI under the Reserve Bank of India Act, 1934 ("RBI Act"). RBI has decided to put in place a for authorisation of electronic trading platforms (ETP) for financial market instruments. The framework shall inter alia include detailed eligibility criteria, technology requirements and reporting standards. NDS-OM is an anonymous electronic platform for trading in government securities. It was created a decade ago. Most trades in G-Secs now get executed on the NDS-OM. Similarly, CROMS is a straight-through processing-enabled electronic anonymous order-matching platform to facilitate dealing in market repos in G-Secs. Mumbai: The Reserve Bank of India (RBI) on Thursday proposed a scheme to encourage transparent and fair pricing in the retail forex market by developing a foreign exchange platform for retail participants along the lines of the FX-Clear platform of Clearing Corporation of India Ltd (CCIL).
Electronic Trading Platform (ETP) means any electronic system or facility, other than a recognised stock exchange, that facilitates buying and selling of eligible
5 Oct 2018 The Electronic Trading Platforms (Reserve Bank) Directions, 2018 Electronic Trading Platform (ETP) shall mean any electronic system, other 17 Dec 2019 The Reserve Bank of India ("RBI") issued the Electronic Trading Platforms ( Reserve Bank) Directions, 2018 ("ETP Directions")
Trading on electronic platforms is being encouraged across the world as it enhances pricing transparency, processing efficiency and risk control. It also enables better market surveillance and, therefore, discourages market abuse and unfair trading practices.
NDS-OM is an anonymous electronic platform for trading in government securities. It was created a decade ago. Most trades in G-Secs now get executed on the NDS-OM. Similarly, CROMS is a straight-through processing-enabled electronic anonymous order-matching platform to facilitate dealing in market repos in G-Secs. Mumbai: The Reserve Bank of India (RBI) on Thursday proposed a scheme to encourage transparent and fair pricing in the retail forex market by developing a foreign exchange platform for retail participants along the lines of the FX-Clear platform of Clearing Corporation of India Ltd (CCIL).
13 Dec 2017 By Phoenix Legal. The RBI had noted that electronic trading platforms (ETPs) encourage transparency in pricing and discourage unfair trading 4 Oct 2017 RBI mulls transparent foreign exchange trading platform customers with access to an inter-bank electronic trading platform where offers from 8 Nov 2019 wholesale financial markets: 1. Approved money brokers operating electronic broking platforms. 2. Operators of electronic trading platforms The Reserve Bank of India today released Draft Directions for authorising Electronic Trading Platforms for financial market instruments regulated by the Reserve Bank. Comments on the draft guidelines are invited from banks, market participants and other interested parties by November 10, 2017. Electronic Trading Platform (ETP) means any electronic system or facility, other than a recognised stock exchange, that facilitates buying and selling of eligible instruments as defined in para 3(iii). ‘ETP Operator’ means the person authorised by the Reserve Bank to operate the ETP.