INSUBCONTINENT EXCLUSIVE:
MUMBAI: Three stock and two commodities bourses on Monday together launched a new risk mitigation platform that the chief of the securities
markets regulator Sebi, Madhabi Puri Buch, described as a technology that set yet another global best practice standard.At BSE, the Sebi
chief inaugurated the Investor Risk Reduction Access (IRRA) platform that could save traders from being hit hard in case of any technical
Market players said this is most likely a global first where technology is being leveraged to protect investors from losses due to technical
inaugurating the IRRA platform.The IRRA system is like that safety net of the trapeze artist in a circus which lets them show their tricks
with confidence but is rarely used
broker, the traders who had put in their trades through the affected broker had to wait for the glitch to be resolved
If the system was not up quickly, they incurred huge losses
With the IRRA platform in place, such situations may not occur again and investors would be able to cancel their orders to limit losses.
