Comment on Intro to "Q" - next generation backoffice system

Nithin Kamath commented on 16 Jul 2014, 05:09 PM

Pavan, when you trade illiquid stocks or those which are in T2T segment, the chances of default are quite high. Basically the person who sold you the shares, didn’t deliver it on time. Exchange conducts an auction and if no stock available there, it is settled in cash by the exchange.

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