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

Udayarpalayam Palace

Global Carbon Budget

Oceanic Anoxic Event 1a and MASS EXTINCTION

25 Dec, 24
SHARE

Oceanic Anoxic Event 1a from the Paris Basin (Environment) Paper-3 PMP OAE 1a refers to a period during the Cretaceous Period (145 million years ago and ended 66 million years ago) when Earth's oceans became depleted of oxygen, causing a significant disruption in marine life. Cause: The event is believed to have been

Viksit Panchayat Karmayogi (Good governance)

26 Dec, 24
SHARE

Viksit Panchayat Karmayogi (Good governance) Governance GS PAPER-2 PMP Dr. Jitendra Singh launched the ‘Viksit Panchayat Karmayogi’ initiative on Good Governance Day, celebrated to mark the 100th birth anniversary of former Prime Minister Atal Bihari Vajpayee. The initiative, which is part of the broader ‘Prashasan Gaon

Major programmes to control Air Pollution

23 Dec, 24
SHARE

Major programmes to control Air Pollution National Clean Air Programme? It was launched by the Ministry of Environment, Forests and Climate Change (MoEFCC) in January 2019. It is the first-ever effort in the country to frame a national framework for air quality management with a time-bound reduction target. The

Air pollution and Air quality Measures in India

21 Dec, 24
SHARE

Air pollution and Air quality Measures in India (Environment) GS Paper-3 P-M-P Air pollution may be defined as the presence of any solid, liquid or gaseous substance including noise and radioactive radiation in the atmosphere in such concentration that may be directly and/or indirectly injurious to humans or other l

Geopolitical Significance of Ports

20 Dec, 24
SHARE

Geopolitical Significance of Ports (IR) Act as geopolitical assets: Ports enhance the projection of strategic reach, which helps strengthen the country’s control over important sea and energy supply routes. E.g. Indian Navy’s staging base at Agalega Islands will enable marine patrols