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NSE to roll out ASBA facility for secondary market trade in equity cash segment from January 1

The facility is based on the blocking of funds for trading in the secondary market through UPI, and initially, the facility will be optional for investors as well as stock brokers, SEBI had said. ....

Exchange Board Of India , National Stock Exchange , Application Supported , Blocked Amount , Exchange Board , Angel One , Economic Times , Asba Facility , Asba News , Stock Market News ,

ASBA: How will the proposed ASBA-like facility change stock trading?

Under the proposed settlement mechanism for stock trades, investors funds will effectively leave their bank accounts only after trades are completed. This will eliminate the need to transfer funds to the stockbroker. Also, investors will do direct settlement with the clearing corporation of the stock exchanges. ....

Reena Zachariah , Exchange Board Of India Sebi , Exchange Board , Application Supported , Blocked Amount , Unified Payments Interface , Application Supported By Blocked Amount , Stock Market Settlement , Asba News ,

ET Explainer: How will the new ASBA-like facility change stock trading?

Investors will soon have the option to trade in the secondary market using blocked funds in their bank accounts without transferring these funds to the stock broker. ....

Exchange Board Of India Sebi , Exchange Board , Application Supported , Blocked Amount , Unified Payments Interface , Stock Trading , Stock Market , Stock Broker , Secondary Market ,