Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Thursday defended the recent reforms announced by the regulator, such as peak margin norms and shortening of the trade......
So far, brokers only reported margins at the end of the day, which is why they were able to give additional leverage even if the client didn’t have minimum margins. Volumes in the futures......
Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging. Most brokerages are rattled......