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What is interoperability of exchanges and how does this affect my Equity and F&O trading?

SEBI has successfully implemented interoperability (WEB) among Exchanges/Clearing Corporations, revolutionizing settlement processes. Previously, trades executed on NSE were cleared through NSE Clearing Limited, and trades on BSE were cleared through ICCL. However, with interoperability, trades from both NSE and BSE, including Equity, CDS, and NFO, are now settled through a single clearing corporation. Zerodha has chosen NSE Clearing Limited as its clearing partner for all trades.