Latest News | Exchanges Should Work for Real-time Settlement of Trades: Sebi
Get latest articles and stories on Latest News at LatestLY. Markets regulator Sebi on Wednesday said stock exchanges should move towards real-time settlement of trades through the use of blockchain technology.
New Delhi, Jul 22 (PTI) Markets regulator Sebi on Wednesday said stock exchanges should move towards real-time settlement of trades through the use of blockchain technology.
The exchanges should start the real-time settlement with a trial or on a pilot basis, Sebi Chairman Ajay Tyagi said at a FICCI event.
Currently, settlement happens in T+2 days. Here, T stands for the day of trade.
When asked about allowing 'work from home for brokers' permanently, Tyagi said it needs to be examined.
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He said work from home is a temporary relaxation given to brokers. However, trading from home has worked successfully, so it can be examined and the downsides of this also need to be considered.
In March, the Securities and Exchange Board of India (Sebi) permitted brokers and traders to take the trading terminals outside the authorised locations.
This was the first time brokers were given this facility in the wake of the coronavirus pandemic.
"We ensured the normal working of capital markets during the entire lockdown period, ensuring continuity of operation," Tyagi said.
Talking about overseas listing of companies, he said the regulator has not received any proposal from companies in this regard.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)