SEBI chair says exchange infrastructure can handle larger volumes
In short
SEBI Chairman said existing exchange systems can handle more trading volume, and that location-based exchanges are hard to run now.
The report also said SEBI may soon release a paper on FPI compliance. What changes, if any, follow from this is not stated in the available reporting.
What the reporting says
SEBI Chairman said existing exchange infrastructure is sufficient to handle larger trading volumes, while describing location-based exchanges as difficult to operate now. The remarks were reported by BusinessLine Markets, and the source snippet also said SEBI may soon issue a consultation paper on FPI compliance and is pushing broader fundraising and governance capacity-building. The immediate market impact is not stated in the available reporting.
Why it matters
SEBI Chairman said existing exchange infrastructure is sufficient for larger volumes and that location-based exchanges are hard to operate now. The BusinessLine summary also says SEBI may soon issue a consultation paper on FPI compliance and is working on fundraising and governance capacity-building for independent directors. The reporting does not say whether any rule change has been decided or when any measures will take effect.