Sebi asks exchanges to set up Investor Risk Reduction Access platform

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Markets regulator Sebi asked to set up an Investor Risk Reduction Access (IRRA) platform to give investors an opportunity to square off their position or cancel pending orders in case of disruption of trading Services provided by trading members.

It said in recent times, with increasing dependence

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on technology in the securities market,

there is a rise in instances of glitches in trading members systems, some of which lead to

disruption of trading services and investor complaints.

As per the provisions, trading members, upon facing technical glitches which lead to disruptionof trading services, can request for enablement of the IRRA service.