Sebi Calls for Structural Reforms of F&O Market

Board of India (Sebi) Chairman Tuhin Kanta Pandey has called for "structural reforms" to the derivatives market, hinting that a clampdown on options trading could have further to run even after curbing retail activity and temporarily banning US trading firm Jane Street for alleged manipulation.

- FE BUREAU

SECURITIES AND EXCHANGE

In an interview to the Financial Times, Pandey said the regulator was trying to curb unfair practices in the market to protect small investors, as "volumes have come down, but not to the extent that is desirable". "The derivatives market needs some structural reforms," Pandey said, and Sebi was looking at ways to do that. As the market has expanded "very much", Pandey said, "everyone is expecting the regulator to give a level playing field to everyone."