Fri Feb 07 09:47:58 UTC 2025: ## RBI Expands Access to Government Securities Trading Platform, Forms Working Group on Market Timings

**Mumbai, February 7, 2025** – The Reserve Bank of India (RBI) announced today that non-bank brokers registered with the Securities and Exchange Board of India (SEBI) will now have direct access to the Negotiated Dealing System – Order Matching (NDS-OM) platform for trading government securities. Previously, access was limited to regulated entities and clients of banks and primary dealers. This move aims to broaden access to the secondary market for government securities.

Simultaneously, the RBI established a nine-member working group to comprehensively review the trading and settlement timings of its regulated financial markets. Headed by RBI Executive Director Radha Shyam Ratho, the group will examine the implications of adjusting current timings, considering factors such as increased electronic trading, 24/5 forex and derivative markets, and growing non-resident participation. The group is expected to submit its report by April 30, 2025. The RBI stated that synchronized timings across market segments could improve price discovery and liquidity.

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