The Hindu Business Line : BSE, NSE get SEBI nod for corporate bond trading

Mumbai April 13 In keeping with the Budget proposals for developing an exchange-traded market for corporate bonds, the SEBI has permitted the BSE and the NSE to set up corporate bond trading platforms from July 1.

The BSE and the NSE will make use of their existing infrastructure, with necessary modifications, for setting up these platforms.

The platforms will be available from 10 a.m. to 5.30 p.m. on all trading days.

To begin with, the trade matching platform will be order-driven, with essential features of the over-the-counter (OTC) market.

Earlier, the BSE had introduced a reporting platform on which trades in corporate bonds could be reported.

With the introduction of the trading platform, the orders executed need not be reported again on the reporting platform.

The BSE and the NSE have now been permitted to move to an anonymous order matching system for bond trading.

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