NISM Series XIII Common Derivatives Certification Exam Notes

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  • Liquidity Provision: Market makers quote bid/ask prices to enhance liquidity.
  • Trading Halts: Triggered by circuit breakers to stabilize markets.
  • Investor Protection: IRRA and exchange rules safeguard traders during disruptions.
  • Clearing: Computing obligations of trading members for settlement.
  • Settlement: Actual transfer of funds/securities to complete trades.

NISM Common Derivatives

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