NSE says RBI funding curbs have not hit prop traders
In short
NSE said RBI funding curbs have not had a big effect on proprietary traders, according to a summary citing its chief business development officer.
The exchange said prop brokers had already raised bank guarantees months before the rule started. It is still not clear how much trading changed or which firms were affected.
What the reporting says
NSE said RBI funding curbs have had no striking impact on proprietary traders, according to a publisher summary citing the exchange's chief business development officer. The official said prop brokers had already extended bank guarantees, used as collateral for trading limits, months before the rule took effect. What remains unclear is how broad the effect has been across the market and whether trading volumes changed.
Why it matters
NSE said RBI funding curbs have had no striking impact on proprietary traders, based on a summary of comments from its chief business development officer. The exchange pointed to prop brokers extending bank guarantees months before the rule took effect, which were used as collateral for trading limits. The reporting does not state the size of any market impact or provide transaction data.