Which of the following statement about Investor Risk Reduction Access platform is incorrect?
1
The IRRA platform will allow investors to square off their positions or cancel pending orders in the event of a disruption of trading services provided by a trading member.
2
IRRA platform will be a joint service developed by the stock exchanges
3
Finance Ministry has directed stock exchanges to set up an Investor Risk Reduction Access (IRRA) platform.
4
The trading members can request the enablement of the IRRA service in case they face technical glitches that can cause disruption in the trading services.