Sebi-registered non-bank brokers can directly access NDS-OM: RBI

RBI allows Sebi-registered non-bank brokers to access NDS-OM for government securities trading, while forming a working group on market timings.

The RBI on Friday (February 7, 2025) said non-bank brokers registered with market-regulator Sebi can directly access NDS-OM, an electronic trading platform for secondary market transactions in government securities, on behalf of their clients.

Access to Negotiated Dealing System – Order Matching (NDS-OM), at present is available to regulated entities and to the clients of banks and standalone primary dealers.

"With a view to widening access, it has been decided that non-bank brokers registered with SEBI can directly access NDS-OM, on behalf of their clients," the Reserve Bank of India (RBI) said.

Sebi registered brokers may access NDS-OM subject to the regulations and conditions laid down by the Reserve Bank in this regard.

Meanwhile, the RBI announced the setting up of a nine-member working group on 'Comprehensive review of trading and settlement timings of markets regulated by the Reserve Bank'.

The panel, headed by RBI Executive Director Radha Shyam Ratho, will undertake a comprehensive review of trading and settlement timing of financial markets regulated by the Reserve Bank.

The group is expected to submit its report by April 30, 2025.