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Sebi clears ASBA-like facility for stock trades
The Sebi board on Wednesday approved ASBA-like facility for secondary market trading where the funds earmarked for trading by an investor will be blocked and released only when there is a demand from the clearing corporation to settle such trades. The regulator's board also gave nod to set up a mechanism under which brokers can alert market abuse and fraud, a Sebi release said.
The Sebi board on Wednesday approved ASBA-like facility for secondary market trading where the funds earmarked for trading by an investor will be blocked and released only when there is a demand from the clearing corporation to settle such trades. The regulator's board also gave nod to set up a mechanism under which brokers can alert market abuse and fraud, a Sebi release said.
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