Can one take advantage of price differential prevailing on two Exchanges in the Rolling Settlement?
It is likely that at certain point of time, there is a difference in the prevailing prices of a scrip on two Exchanges. However, in Rolling Settlements, the settlement of transactions on all Exchanges is done on T+3 and as such, the investors would be required to settle buy and sale transactions entered simultaneously on two Exchanges, on the same day and time. Therefore, the advantage of price difference can only be availed of, provided the investor holds securities sold on one Exchange and has funds to take delivery at the Exchange where securities have been purchased.
