The Securities and Exchange Board of India’s secondary market panel is likely to propose a Rs 1,500-crore cap on large intraday index derivate trades, persons privy to the development told NDTV Profit on Friday.
The move follows SEBI’s scrutiny of high-frequency trading firm Jane Street.
At present, there is no limit on intraday index derivate bets. NDTV Profit had earlier reported that intraday and position limits were under review.
(This is a developing story)
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