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Sebi targets 1-hour trade settlements by end of this fiscal

The Morning Standard

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September 06, 2023

THE Securities and Exchange Board of India is aiming to launch one-hour settlement of trades by March next year and instantaneous settlement by October 2024, its Chairperson Madhabi Puri Buch said on Tuesday.

Sebi targets 1-hour trade settlements by end of this fiscal

"India is the first jurisdiction in the world that has moved to T+1 (trade date plus one day) settlement. We are now talking about a one-hour settlement and that will be a stepping stone to instantaneous settlement. This will be in a reasonably short period of time," said Buch at the Global Fintech Fest.

The Morning Standard

यह कहानी The Morning Standard के September 06, 2023 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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