Swastika M.D.is of the opinion that 20-30% of transactions have been squared up. Cash market liquidity is lower in BSE than in NSE but then those who have the potential to invest in the cash market in BSE are investing. People investing in the future will face a challenge. His suggestion is to include interoperability in the system as it can help to guarantee seamless payments, in which the trade can be executed on any exchange and can be settled through any of the clearing associations, not actually restricted to the getting clearing organizations of the exchange on which the trade was completed.
