Sebi-Registered Non-Bank Brokers Can Directly Access NDS-OM: RBI

Mumbai: The RBI on Friday said non-bank brokers registered with market-regulator Sebi can directly access NDS-OM, an electronic trading platform for secondary market transactions in government securities, on behalf of their clients.Access to Negotiated Dealing System – Order Matching (NDS-OM), at present is available to regulated entities and to the clients of banks and standalone primary dealers. “With a view to widening access, it has been decided that non-bank brokers registered with SEBI can directly access NDS-OM, on behalf of their clients,” the Reserve Bank of India (RBI) said.

Sebi registered brokers may access NDS-OM subject to the regulations and conditions laid down by the Reserve Bank in this regard. Meanwhile, the RBI announced the setting up of a nine-member working group on ‘Comprehensive review of trading and settlement timings of markets regulated by the Reserve Bank’.