Investor Risk Reduction Access (IRRA)
In a bid to fortify investor protection amidst the growing reliance on technology in the securities market, India’s major stock exchanges, including BSE and NSE, have collaboratively introduced the Investor Risk Reduction Access (IRRA) platform. Launched under the oversight of Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, the platform is designed to serve as a safety network for investors during technical glitches, ensuring a seamless and secure trading experience.
Investor Benefits: Upon authorization to access the IRRA platform, investors gain the ability to view and cancel pending orders across all segments and exchanges.
They can also square off or close open positions and cancel orders pending at the exchanges. This enhanced control empowers investors to navigate market uncertainties with confidence.
The introduction of the Investor Risk Reduction Access (IRRA) platform marks a significant stride in fortifying investor protection in India’s securities market. As technology continues to play a pivotal role in trading, the IRRA platform serves as a critical safety net, ensuring that investors can navigate unforeseen disruptions with confidence.
By allowing investors to manage their positions during technical glitches or outages, the IRRA platform contributes to a more resilient and secure trading environment. As we move forward, it will be essential to monitor the platform’s effectiveness and its impact on investor confidence and market stability.
The IRRA platform is a collaborative initiative by major Indian stock exchanges, including BSE and NSE, designed to fortify investor protection during technical glitches in the securities market. It acts as a safety network, allowing investors to manage their positions in the event of disruptions.
The IRRA platform was developed collaboratively by BSE, NSE, NCDEX, MCX, and MSE, representing major stock exchanges in India.
The primary purpose of the IRRA platform is to mitigate the risks faced by investors when trading members or stock brokers registered with SEBI encounter technical glitches. It provides a contingency service to manage positions during unforeseen outages.
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