The Reserve Bank has introduced Internet-based platform for trading in secondary market of government securities for gilt account holders.
The web-based NDS-OM (Negotiated Dealing System-Order Matching) system module will facilitate buying and selling of government bonds or securities online to the gilt account holders (GAH).
The RBI had introduced the NDS-OM system in August 2005.
The NDS-OM is an electronic, screen based, anonymous, order driven trading system for dealing in government securities.
The web-based module permits internet-based direct participation of gilt account holders in secondary market for G-secs.
The newly launched online trading platform is an additional facility to the existing system for trading by GAHs through primary dealers.
RBI informed that the access to the module will be subject to controls by the respective primary dealers.
GAHs are the non-NDS members who have gilt account and current account with the primary dealers.
