Brokers brace for impact as Sebi's closing auction session weighs on F&O volumes
Mumbai, Sept. 2 -- Stockbrokers see revenue fall by up to 20% as the Securities and Exchange Board of India's (Sebi) new closing-price mechanism weighs on futures and options (F&O) trading income, according to industry executives.Since its 3 August debut, the new framework has wiped out about half…
Mumbai, Sept. 2 -- Stockbrokers see revenue fall by up to 20% as the Securities and Exchange Board of India's (Sebi) new closing-price mechanism weighs on futures and options (F&O) trading income, according to industry executives.Since its 3 August debut, the new framework has wiped out about half…
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