Swing Traders Pain for MTF (Margin Trading Facility) E-Margin

[nithin]

@Ravinder_Sharma

@nithin You have been saying since 2016 that we will bring MTF facility, it is in our list but it has been 7 years since you did not even give a brief answer on this.
You answer each question in brief and help…, thank you for that, please clear your stand on this so that we can find a solution instead of waiting.

MTF has gotten delayed for various reasons. Until 2019 we were a partnership firm, and hence we couldn’t offer. We converted to a public limited firm in 2019. From 2020, there were large regulatory changes happening which led to us deprioritizing offering MTF. It is on our list of things to do now, we are waiting to pick on the project as soon as a couple of other regulatory changes are completed. Unfortunately can’t give you a definite deadline yet.

Also, maybe the reason we haven’t prioritized is that we fear that all customers of ours today don’t take leverage while investing and might start doing it if we launched this feature. Leverage is the biggest culprit for investors or traders not making money. Even though this will add revenue, this is maybe why we have taken so much time on this.

But that said, I also understand that we might lose business and the customer might just move away from us for this reason. So yeah, a conflicted place to be in. But we will take this up soon for sure.