The Securities and Exchange Board of India (SEBI) has recently launched the Investor Risk Reduction Access (IRRA) platform. This innovative tool serves as a digital safety net designed to safeguard investors' trades during unforeseen technical disruptions in the stock market. By ensuring trading continuity, IRRA aims to bolster the confidence of market participants.
The IRRA platform is a newly introduced safety mechanism tailored for individuals investing in the stock market. In case of a technical glitch, this system provides essential support, allowing investors to manage their stock transactions without succumbing to panic.
This platform is exclusively available to regular investors who have received approval for its use. It is not intended for large financial firms or automated trading systems, ensuring that the focus remains on individual traders.
Investors should consider switching to the IRRA platform during technical issues that impede their ability to buy or sell stocks on their primary trading interface. This proactive approach helps maintain trading activities even amidst disruptions.
In the event of a technical issue, the IRRA platform will provide alerts to investors, prompting them to activate the system to continue their trading operations seamlessly.
No, the IRRA platform functions akin to a spare tire; it is designed to be used only during instances of trouble with the main trading platform. This ensures that it serves its purpose without causing unnecessary interruptions during normal trading conditions.
In situations of significant disruption, IRRA will assist investors in safely closing or opening positions. However, it is important to note that new trading types cannot be initiated on this platform.
Investors will receive a link via SMS or email that facilitates their access to the IRRA platform. This ensures a quick transition during critical times.
Before relying on IRRA, investors should ensure that the app is downloaded and ready on their mobile devices. This preparation is crucial for addressing any potential issues swiftly.
Q1. What is the purpose of the IRRA platform?
Answer: The IRRA platform is designed to provide a safety net for investors during technical glitches in the stock market, ensuring trading continuity and security.
Q2. Who can use the IRRA platform?
Answer: The platform is available for regular investors who are approved for its use and is not intended for large financial firms or automated trading systems.
Q3. How will I know when to use IRRA?
Answer: Investors will receive alerts from the IRRA platform during technical issues, prompting them to activate the system to continue trading.
Q4. Can I initiate new trades on the IRRA platform?
Answer: No, the IRRA platform is designed to help close or open existing positions but does not allow for the initiation of new types of trading.
Q5. How do I access the IRRA platform?
Answer: Access to the IRRA platform is provided through a link sent via SMS or email, ensuring a seamless transition during technical disruptions.
Question 1: What does the IRRA platform aim to do for investors?
A) Increase trading volumes
B) Provide a safety net during technical issues
C) Replace stock exchanges
D) Limit trading options
Correct Answer: B
Question 2: Who is eligible to use the IRRA platform?
A) Automated trading systems
B) Large financial firms
C) Regular approved investors
D) Only institutional investors
Correct Answer: C
Question 3: When should an investor switch to the IRRA platform?
A) During market fluctuations
B) When there is a technical glitch
C) At the end of trading hours
D) Only during weekends
Correct Answer: B
Question 4: What kind of alerts does the IRRA platform provide to users?
A) Market research updates
B) Technical issue notifications
C) Investment tips
D) Stock performance reviews
Correct Answer: B
Question 5: Can investors conduct new trades on the IRRA platform?
A) Yes, without restrictions
B) Only with prior approval
C) No, only existing positions can be managed
D) Yes, but with limited options
Correct Answer: C
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