Non-banking runners registered in Sebi can directly access NDS -om: RBI

The logo of the Board of Securities and Exchange of India (Sebi) | Photo credit: Reuters

The RBI on Friday (February 7, 2025) said that non-banking runners registered with the Sebi market regulator can directly access NDS-OM, an electronic negotiation platform for secondary transactions of the market in government values, on behalf of its customers.

Access to the negotiated negotiation system: Coincidence of orders (NDS-OM), is currently available for regulated entities and for clients of independent primary banks and concessionaires.

“In order to expand access, it has been decided that non-banking runners registered in Sebi can directly access NDS-OM, on behalf of its customers,” said the Bank of the Reserve of India (RBI).

Sebi registered corridors can access NDS, who are subject to the regulations and conditions established by the Reserve Bank in this regard.

Meanwhile, the RBI announced the creation of a work group of nine members on ‘Comprehensive review of the trade and liquidation times of the markets regulated by the Bank of the Reserve’.

The panel, headed by the RBI executive director, Radha Shyam Visto, will carry out an exhaustive review of the trade and the moment of the settlement of the financial markets regulated by the Bank of the Reserve.

The group is expected to present its report before April 30, 2025.

RBI said that the market and synchronized and complementary settlement schedules in various segments of the financial market can facilitate the benefits of efficient price discovery and the optimization of liquidity requirements.

It will also examine the implications, including the benefits, costs and challenges, if any, to review the current times for trade and liquidation.

In recent years, there have been several developments, including the largest electronics of negotiation, the availability of foreign exchange and certain market derivative markets in a 24×5 base, a greater participation of non -residents in national financial and financial markets and The availability of 24×7 payment systems said.

The panel will identify friction and challenges in the general functioning of the markets with respect to time and negotiation settlement.