NSE Clearing to operationalise interoperability in currency derivatives from Aug 19

Mumbai: NSE Clearing Ltd will operationalise interoperability in the currency derivatives segment on Monday.

“Interoperability among clearing corporations allows market participants to consolidate their clearing and settlement functions, for a segment at a single clearing corporation, irrespective of the stock exchange on which the trade is executed, leading to efficient utilization of capital, streamlining of operational requirements and consequently lower costs of transactions,” NSE Clearing said in a release.

NSE Clearing implemented interoperability in a phased manner with cash market segment on June 17 and futures and options July 29.

NSE Clearing is a wholly-owned subsidiary of NSE.


READ  Retailers suffer 'truly disappointing' March as Brexit saga rolls on


Please enter your comment!
Please enter your name here