The delegation, he said, would meet officials of Mutual Funds Association of India in Mumbai, FT Group of Companies India and officials of National Securities Depository Limited, officials of Securities and Exchange Board of India, National Institute of Securities Market, National Securities Clearing Corporation
Limited, Mumbai Stock Exchange and senior brokers.
Moreover, there is no interoperability between India's two clearing houses, the BSE's Bank of India Shareholding and the NSE's and National Securities Clearing Corporation
, which currently keeps post-trade costs high.
Additional clearing firms, such as the National Securities Clearing Corporation
and the Government Securities Clearing Corporation in the United States, may also occupy central roles in the trade clearance and settlement process.