Discontinuation of Investor Risk Reduction Access (IRRA) platform

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....SEBI vide circular dated December 30, 2022 introduced IRAA platform for the Stock brokers. The platform is designed to provide Stock brokers an alternative access point for trading in case of disruption of trading services offered by them. The platform was operationalized with effect from October 01, 2023. 2. In the meantime, SEBI has introduced various technology driven measures to strengthen ....

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.... (i.e. Contingency Pool Trading facility). The Contingency Pool Trading facility is a mechanism offered by Stock Exchanges that allows Stock brokers to square off outstanding open positions for their clients during business disruptions. This facility operates via the exchange's internal network within its physical premises, where broker allocated dedicated terminals are seamlessly connected to....

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....ological innovations within trading operations and the availability of Contingent Pool Trading facility. Hence, Stock Exchanges unanimously recommended that there is a case to discontinue the IRRA platform. 7. Accordingly, based on stakeholder feedback and the aforementioned factors, it has been decided to discontinue the IRRA platform with immediate effect. Concurrently, Stock Exchanges may re....