Why Zerodha not implementing SEBI’s interoperability framework?

[Prayag]

There was a reply by Nithin a few months back about this issue -

@nithin

We have to update our Order management system for this. While it is ready and tested, we still have to deploy it. This is quite a risk process for us and hence going slow. We have a bunch of new updates that also need to be pushed, so we will probably do it all together. Can’t really give you a timeline on this.

Also, that instrument that you were talking about (SREIBNPNCD-NO and 925SEFL22) still seems to have an arbitrage opportunity left in it. Currently, if a person tries to buy it on NSE, take delivery in their Demat and then sell it BSE, wouldn’t they still be able to make a profit from that opportunity (as it currently possible to sell on any of the exchange irrespective of which exchange an instrument is bought from, mentioned in a support page)?

Also, another question that I have, have other brokers also implemented these intraday Interoperability guidelines? I was able to find Upstox FAQ about this, but they also mentioned about issues with their OMS/RMS behind the delay.