Sebi unveils new norms for trading during outage

MUMBAI:

Sebi

on Thursday allowed an alternate bourse to act as a fall-back option for investors to trade in

case

of a system outage on one. In effect, if there is a

trading

system failure on BSE, NSE could act as the alternate trading platform for investors to trade. The reverse is also true: A system outage on NSE would allow its investors to shift their trades to BSE.
The regulator has told exchanges and the other stakeholders in the trading ecosystem to work on this and launch the facility by April 1, 2025.