SEBI will not be satisfied till they completely nuke this stuff. What do they want? India is a growing economy and market. They already achieved lowered volumes year on year. But they will compare it to 2 years ago and want to restrict it more.
They will compare it to cash market turnover and then decide that options need more regulation instead of loosening STT and limits on cash market. Someone tell these guys how prohibitive it is to trade cash market and futures market due to STT
Isn’t this getting a bit too much. Do they completely want to shut down options market. I heard you’re on the SMAC so can you tell them a few points -
Tell them the reason for cash market turnover(STT and removal of leverage). The solution is not to bring everything down to cash market levels but rather to try and take up cash market
No matter what they do, 90-95% traders will keep losing. There is no magic bullet to make majority profitable, The only solution is to shut it down. So shut it down while dram11 and crypto keeps running.
