NDS OM - clearcorp
platforms
NDS OM
Introduction
“Negotiated Dealing System- Order Matching” is primarily an anonymous order matching platform for outright buys and sells. It is owned by Reserve Bank of India. All the Central government securities (including Treasury Bills) and State Development Loans are available on this platform. Additionally, it allows members to negotiate bilaterally through “REQUEST FOR QUOTE” segment. OTC deals undertaken outside platform are also reported to CCIL by Members through this platform. The constituents (Gilt Account Holders)can also trade on NDS OM by taking membership of “NDS OM web” through their respective Primary Members.
Features
NDS OM order matching segment provides anonymity to all market participants. The market anonymity helps in creating level playing field for all participants and facilitates better price discovery.
- The RFQ (Request for Quote) segment helps members to seek quotes for illiquid securities and thereby make market for the same.
- NDS OM system incorporates various operational and trading risk limits such as
Benefits
- Wider market access; level playing field for all.
- Immediate dissemination of market info.
- Lower transaction cost.
- Automated STP (Straight Through Processing) for Settlement.
