SEBI Proposes API-Based Overhaul for Institutional Trades
India's capital markets regulator Securities and Exchange Board of India on Tuesday proposed a major revamp of the trade-processing mechanism used for institutional stock market transactions, seeking to cut delays, lower costs and reduce dependence on a single infrastructure provider. In a consultation paper, SEBI proposed replacing the existing centralised Straight Through Processing (STP) hub model with a direct communication…
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