India’s NSE Sees More Degrowth in Options Volumes After Tax Hike

India’s largest stock exchange expects further moderation in equity derivatives trading after higher transaction taxes take effect in April, its chief executive said.

• National Stock Exchange CEO Ashishkumar Chauhan said at a Mumbai event that rules to “curb speculation” will continue as developing countries like India “cannot allow over speculation by lower strata of economy”
• At the same time, he said need for derivatives markets will go up in coming years as geopolitical risks rise
• Chauhan also advocated for a minimum qualifying criteria for retail investors participating in derivatives in line with regulations in Singapore and the US
• The government ...