Description
NSE approves surrender of Currency Derivatives (including IRF) segment membership by India Advantage Securities Private Limited effective September 18, 2025.
Summary
The National Stock Exchange of India has approved the segmental surrender of membership by India Advantage Securities Private Limited (SEBI Registration: INZ000005736) for the Currency Derivatives segment including Interest Rate Futures (IRF). The surrender was approved on September 18, 2025, and all members have been notified to take note of this change.
Key Points
- Member Name: India Advantage Securities Private Limited
- SEBI Registration Number: INZ000005736
- Surrendered Segment: Currency Derivatives including IRF
- Surrender Approval Date: September 18, 2025
- Circular Reference: NSE/COMP/70926, Circular No. 92/2025
- Issued by: Compliance Department
Regulatory Changes
No regulatory framework changes. This is an administrative action regarding individual member status.
Compliance Requirements
All NSE members are required to take note of this segmental surrender. No specific action items for other members.
Important Dates
- September 18, 2025: Surrender approval date
- October 24, 2025: Circular notification date
Impact Assessment
Minimal market impact. This is a voluntary segmental surrender by a single trading member affecting only their participation in the Currency Derivatives and IRF segments. The action does not affect overall market operations or other members’ trading activities. No broader regulatory or compliance implications for the market.
Impact Justification
Administrative notification about single member's voluntary segment surrender; minimal market impact as limited to one broker's trading access in currency derivatives segment