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Negotiated Dealing System–Order Matching (NDS-OM) platform was launched by which institution?
Stock Exchange Board of India
Reserve Bank of India
National Bank for Agriculture and Rural Development
Ministry of Finance
Reserve Bank of India
The Negotiated Dealing System-Order Matching (NDS-OM) platform is an electronic trading mechanism for government securities managed by the Reserve Bank of India (RBI).
The NDS-OM platform was introduced by the Reserve Bank of India in 2005 to transition the Indian government securities market from a manual, paper-based, and telephone-driven system to a modern, electronic environment. By providing an anonymous, screen-based order-matching system, the platform has significantly enhanced price discovery, liquidity, and transparency in the bond market. It serves as a critical financial infrastructure for trading Central Government securities, Treasury Bills, and State Development Loans. The system ensures that market participants, ranging from banks to mutual funds, can execute trades with greater efficiency and lower settlement risks.
NDS-OM was launched in August 2005.
The platform is owned and operated by the Reserve Bank of India.
It supports trading for Central government securities, Treasury Bills, and State Development Loans.
The system provides an anonymous order matching facility to ensure a level playing field for market participants.
B is correct — The Reserve Bank of India launched the NDS-OM platform in August 2005 to facilitate transparent, electronic secondary market trading in government securities.
Remember that NDS-OM is the bond equivalent of a stock exchange for government debt; since government debt is issued by the central bank on behalf of the government, it is logical that the RBI manages the trading platform.
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