Monday June 10 2019
News Source: Global Exchanges
Focus: Trading Systems and Technology
On June 10th 2019, the Reserve Bank of India (RBI), proposed the implementation of a foreign exchange trading platform for retail participants, which was proposed in October 2017.
This platform would provide customers with access to an electronic trading platform through an internet-based application on which they can purchase/sell foreign currency at market clearing prices.
The trading platform has now been developed by the Clearing Corporation of India (CCIL) and is being tested by users. The platform will be available to users for transactions from early August 2019. Operational guidelines for the platform shall be issued by the end of June 2019.
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