Stock exchanges have been directed by the Securities and Exchanges Board of India (SEBI) to set up an Investor Risk Reduction Access (IRRA) platform. With the growing reliance on technology in the securities market, there is an increase in instances of glitches in trading members’ systems, some of which resulted in the disruption of trading services. In these cases, investors with open positions are at risk of the non-availability of avenues to close their positions, especially at times when the markets are volatile.
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