The Securities and Exchange Board of India (SEBI), the watchdog for securities markets, has introduced the Investor Risk Reduction Access (IRRA) platform. It's designed as a digital safety net to protect investors’ trades in the event of system glitches at the stock exchange. IRRA ensures trading continuity and security for market participants.
What is the IRRA platform?
It's a new safety tool for people who invest in the stock market. If there's a technical glitch, this platform helps you manage your stocks without panicking.
Who can use IRRA?
Regular investors who are approved to use it. It’s not for the big automated trading systems or large financial firms.
When would you use IRRA?
You'd switch to IRRA if there's a tech problem at your stock exchange that affects your ability to buy or sell stocks.
How do you know when to use IRRA?
If there's an issue, the platform will alert you to start using IRRA to continue your trading activities.
Does IRRA work all the time?
No, it's like a spare tire - you only use it when there's trouble with your main trading platform.
What happens if there's a big disruption?
IRRA will kick in to help you close or open positions safely, but you can't start new types of trading there.
How do you get onto IRRA?
You'll get a link sent via text or email that will take you to the platform.
What should you do before using IRRA?
It's a good idea to have the app downloaded and ready on your phone, so you're prepared for any issues.
