The Securities and Exchange Board of India is working on building a strong business platform for scalability and improving the quality of intermediaries, Chairman G N Bajpai said on Saturday.
The stock market regulator was also working on demutualisation of stock markets in the country, he said at the inauguration of an 'investor camp', organised by CNBC TV18 in Mumbai.
Bajpai said Sebi would introduce T+1 (transaction day plus another day) settlement in place of T+2 once the Real Time Gross Settlement (RTGS) was adopted by all the banks in the country.
Efforts had been on for integration of securities market and its consolidation.
Asserting that Indian stock market was one of the most transparent in the world, Bajpai said, there was monitoring of the broker platforms real time and auto disablement of terminals during a crisis.
He said SEBI had ensured that settlement was guaranteed if any transaction was done on the trading platform.
Bajpai said it was impossible for any regulator to eliminate risks absolutely. "What we are expected to do is minimise risks and pronounce to the marketplace that these are the areas you should be careful about."