SEBI Chief warns: Local exchanges are now 'too difficult' to run as trading volumes push infrastructure to the limit.
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓SEBI Chairman Tuhin Kanta Pandey said on Saturday that India’s existing exchange infrastructure is sufficient to handle larger volumes.
- ✓He noted that location-based exchanges are difficult to operate now because everything is electronically connected.
- ✓The Calcutta Stock Exchange must meet strict financial and technical conditions before it can restart operations.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
SEBI Chairman Tuhin Kanta Pandey on Saturday said India’s existing exchange infrastructure is “sufficient” to handle larger volumes. Pandey emphasised that it is now difficult for location-based exchanges to operate, as location is now much less relevant because everything has to be electronically connected.
“I think even the existing exchange infrastructure is sufficient to handle larger volumes also,” Pandey replied to a question from the media about whether the country needs more exchanges, regional or national.
To a set of questions related to the proposed revival of the century-old Calcutta Stock Exchange (CSE), he said the bourse needs to meet conditions such as a net worth of ₹100 crore and an average annual turnover of ₹1000 crore, infrastructure for orderly execution of trades, an online screen-based trading system, an online surveillance capability and cyber security controls, among others.
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