This is year SEBI has started interoperability system in stock market.
Basis of Stock Exchange
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Hi,
Your Question 1 :: Tell us about details of interoperability system followed by Stock Exchange?
Interoperability is a mechanism that allows market participants to choose one clearing corporation to settle the trades, irrespective of the exchange where the trades are executed.
SEBI’s decision to link all the clearing corporations in the securities market and allow consolidation of the clearing and settlement function at any one of them.