SEBI proposes overhaul of trade processing system to cut latency

SEBI has proposed overhauling the Straight Through Processing (STP) framework for institutional trades by replacing the centralised hub system with a decentralised API-based model connecting STP Service Providers. It automates end-to-end trade processing between brokers and institutional investors. It aims to reduce latency, cut costs, improve scalability and lower concentration risk in markets.