@nithin, just curious to hear your thoughts on this. will we have a third mainstream exchange for equity-related stuff in the form of MSEI for traders, or has it reached a dead end after the latest SEBI circular - if yes, what happens to investments by Zerodha , Groww and others
In general, is it a good idea to have more exchanges like 3-4 atleast like how China, US etc have
I think MSEI will have to build its market and liquidity by doing the hard things first. There won’t be an easy equity derivatives path, an ability to launch a 3rd weekly derivative contract, that they had assumed.
I think there is an opportunity for another exchange in the debt segment, especially since other exchanges aren’t going after this, considering how little revenue you could make of it. The idea has to be to get market participants to start looking at the exchange.
