Improve Supervision Before Allowing New Exchanges
Improve Supervision Before Allowing New Exchanges 2 In January this year, we were finalising the final proofs of our new book Absolute Power which documents the path-breaking rise of the National Stock Exchange (NSE) and the transformation it brought to the Indian capital markets. Parallel to NSE’s meteoric rise, India’s 23 stock exchanges and two national exchanges, the OTC Exchange of India and the Inter-Connected Stock Exchanges of India, disappeared leaving three survivors, with NSE enjoying a near-monopoly and the regulator too timid to supervise it effectively. Arrogance, hu...
Source: moneylife.in