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Investor Risk Reduction Access (IRRA) platform
December 10 , 2023
351 days
431
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- It was launched by the Securities and Exchange Board of India (SEBI).
- It has been jointly developed by all the stock exchanges – BSE (Bombay Stock Exchange), NSE (National Stock Exchange), NCDEX (National Commodity and Derivatives Exchange), MCX (Multi Commodity Exchange) and Metropolitan Stock Exchange of India (MSE)
- It aims to provide a ‘safety net’ for investors in case of technical glitches faced by a trading member or a stock broker.
- Its purpose is to provide investors with an opportunity to square off/close their open positions and cancel pending orders using this platform in case of technical glitches or unforeseen outages.
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