Brokers warn Sebi closing-price rules hit F&O volumes
Mumbai Sept. 2 -- Industry executives say Sebi’s new closing-price mechanism, launched 3 August, has weighed on F&O trading income and could cut stockbroker revenue by up to 20%.
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…