The two institutions constituted Technical Committee to oversee the automation of trading of Treasury bonds through the NSE. The main objective of this initiative was to make bonds trading secure, efficient and a vibrant market. The expected improvement in market activity will also improve market liquidity and encourage more investors to participate in the bond market.
The Technical Committee, in consultation with key stakeholders, has developed operating rules and guidelines for the proposed automated trading of bonds through the NSE; an integrated operating system; an interface that links the Central Bank’s CDS Registry and KEPSS (RTGS) payments system with the NSE’s ATS trading platform to facilitate automated trading, settlement and delivery of bonds on a Delivery versus Payment (DvP) basis.