Tag: Sebi tech

MUMBAI: Settlement of stock trades is set to change dramatically by 2024. "From January 2024, the Indian market would move to an ASBA-like trading cycle, and in about 2-3 months after that, we would move to a one-hour settlement cycle," a Sebi source said. "We are ready with the technology that would power the one-hour settlement cycle. An instantaneous settlement cycle could take some more time," since the regulator is currently working on the trading system that would power instantaneous settlements. ASBA, or Application Supported by Blocked Amount,...