The Reserve Bank of India may come out with a framework for authorization of electronic dealing platforms for financial instruments regulated by it. According to H.R. Khan, deputy governor, taking into account the experience of Negotiated Dealing System – Order Matching and Clearcorp Repo Order Matching System in G-Secs, there is a need to introduce electronic trading dealing platforms for other financial instruments, such as corporate bonds, commercial papers, certificate of deposits and derivative products. Addressing the annual conference of FIMMDA-PDAI in London Khan said RBI has also been receiving requests from various entities to introduce electronic platforms for these instruments. Accordingly, it is now proposed to prescribe a framework for authorization of electronic dealing platforms for financial instruments regulated by it.
