Investor Risk Reduction Access (IRRA)

Recently launched Investor Risk Reduction Access (IRRA) platform acts as a ‘safety net’ for investors registered with SEBI.

Need – There is rise in instances of glitches in trading members’ systems making the investors with open positions at risk.
Launched by – SEBI (Securities and Exchange Board of India)
Developed by – It has been jointly developed by all the stock exchanges of India
- BSE (Bombay Stock Exchange)
- NSE (National Stock Exchange)
- NCDEX (National Commodity and Derivatives Exchange Limited)
- MCX (Multi Commodity Exchange of India Ltd)
- MSE (Metropolitan Stock Exchange of India)
Objectives
- To reduce risks faced by investors during technical glitches at both the primary and disaster recovery site.
- To provide an opportunity to square off/close their open positions and cancel pending orders.
Working
- It can be invoked by trading members or suo moto by stock exchanges.
- It downloads trades information from all the trading venues.
- It sends SMS/email to investors with IRRA access link over an Internet-based Based Trading (IBT) web URL and an app.
- Investors can access through a secure login system using their Unique Client Code (UCC) or investor’s PAN number.
Reverse migration - Based on the trading member’s request and confirmation from all exchanges, the IRRA will be shut down and enable to resume business from the original trading system.
Only 1 reverse migration will be allowed during a trading day.
Limitations – It is not meant for taking fresh positions or orders, and is not available for algo trading, Institutional clients.

Squaring off is a trading style that, day trade investors use to make profit from the market volatility.

Source:

Join Our Telegram

Global DPI Repository (GDPIR) and Social Impact Fund

Global Carbon Budget

Anti-Defection Law in India

18 Mar, 26
SHARE

The Supreme Court of India recently gave a final three-week deadline to the Telangana Assembly Speaker to decide pending disqualification petitions against defecting MLAs under the Anti-Defection Law. What is the Anti-Defection Law? The Anti-Defection Law was introduced through the 52nd Amendment (1985), which added the Tenth Schedule to the

Rat-Hole Mining

18 Mar, 26
SHARE

A major disaster unfolded in East Jaintia Hills, Meghalaya, when at least 18 workers died following an explosion in an illegally operating rat-hole coal mine. This incident highlights the continued prevalence of rat-hole mining despite bans imposed by the National Green Tribunal (NGT) and the Supreme Court of India. Rat-hole mining is driven

India’s Aviation Sector

17 Mar, 26
SHARE

India’s aviation sector has grown rapidly, becoming a major economic success story. However, regulatory oversight has not evolved at the same pace. Data-driven monitoring of fares and market behavior is essential to ensure fair competition, prevent market abuse, and shift from reactive crisis management to proactive regulation. Challen

Federalism in India

14 Mar, 26
SHARE

Recently, a high-level committee on Union–State relations submitted its first report to the Government of Tamil Nadu. The report examines the distribution of powers and responsibilities between the Union and the States, highlighting ongoing debates regarding the balance between central authority and state autonomy. This discussion is clos

India–UAE Economic Partnership

14 Mar, 26
SHARE

The relationship between India and the United Arab Emirates has evolved from a traditional energy-based partnership into a comprehensive economic and strategic relationship. Over the years, strong political trust, growing trade, and expanding investments have transformed bilateral ties into a diversified economic corridor. The economic partnership