Team Blitz India
NEW DELHI: “Any unchecked explosion in retail trading in the futures and options market can create future challenges for the market, investor sentiment, and household finances,” Finance Minister Nirmala Sitharaman said at an event held at BSE in Mumbai, laying out the vision for the Indian financial market.
Several options traders were caught off guard by freak movements in the underlying indices last month across exchanges, resulting in losses worth hundreds of crores. BSE said last week it was taking steps to mitigate sudden spikes in options prices and had ramped up surveillance measures.
Sitharaman appealed to BSE to work closely with SEBI in order to ensure stringent compliance and robust regulatory standards to ensure investor confidence remained intact and to play a proactive role in promoting higher standards of corporate governance among listed companies.
