On June 6, , the Reserve Bank of India (RBI) announced to set up a foreign exchange trading platform for retail participants. This is to create a market infrastructure that ensures fair and transparent pricing for users of foreign exchange like Small and Medium Enterprises (SME) exporters & importers and individuals. Key Points During , RBI had proposed a foreign exchange trading portal for retail participants with an idea that would provide customers access to an online electronic trading platform on which they can purchase or sell foreign currency at market – clearing prices /06/20 · Mumbai: The Reserve Bank of India said electronic trading platform for buying/selling foreign exchange by retail customers of banks, FX-Retail, is ready for rollout by the Clearing Corporation of India (CCIL) on August 5
RBI pushed trading platform to make retail forex cheaper. It benefits banks
The reserve bank of Foreign exchange trading platform rbi RBI has announced the rollout of a foreign exchange trading platform for retail participants.
The circular on operational guidelines for the platform shall be issued by June-end, it added. The central bank said that the platform had been developed by the Clearing Corporation of India CCIL and was being tested by users. The platform are going to be out there to users for transactions from early August, RBI said. The platform aims to supply transparency of pricing and promote competition among market-makers resulting in better pricing for all customers, no matter order size, foreign exchange trading platform rbi, by unifying the existing fragmented market micro structure.
The RBI had in October issued a discussion paper proposing to set up such a platform that might give customers access to an electronic trading platform through an internet-based application on that they may sell or purchase foreign currency at market clearing prices. Enter your email address below to subscribe to our newsletter. Great job. Add Comment. Save my name, email, and website in this browser for the next time I comment.
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/06/20 · Mumbai: The Reserve Bank of India said electronic trading platform for buying/selling foreign exchange by retail customers of banks, FX-Retail, is ready for rollout by the Clearing Corporation of India (CCIL) on August 5 /06/06 · The reserve bank of India (RBI) has announced the rollout of a foreign exchange trading platform for retail participants. The circular on operational guidelines for the platform shall be issued by June-end, it added. The central bank said that the platform had been developed by the Clearing Corporation of India (CCIL) and was being tested by users Foreign Exchange Trading Platform for Retail Users: A mechanism has been proposed by RBI for improving the pricing outcome for the “retail user” under which client pricing is directly determined in the market by providing customers with access to an inter-bank electronic trading platform where bid/offers from clients and Authorised Dealer banks can be matched anonymously and automatically
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