SEBI Directs Stock Brokers to Use ‘Negotiated Dealing System-Order Matching’ for G-Secs Trading Under Separate Business Unit
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- Last Updated on 15 February, 2025
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Circular no. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/14; Dated: 11.02.2025
SEBI has permitted registered stock brokers to access the Negotiated Dealing System-Order Matching (NDS-OM) platform for trading in government securities under a separate business unit (SBU). This move came after RBI permitted SEBI-registered non-bank brokers to access NDS-OM. Stock brokers must ensure that NDS-OM activities under an SBU are segregated and ring-fenced from securities market-related activities and that an arms-length relationship between these activities is maintained.
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