Why the volumes of trading has been very low since past 2 days?

From Dec 1st 2020 the new peak margin regulations went live. So the maximum intraday leverages that brokers can offer is now restricted. Check this

Ideally the impact should have been a lot more. But markets at all time highs means the overall participation has gone up quite a bit and hence hiding the real impact. Btw, this is what is happening with the volumes.

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