BSE needs to make commercial changes that hurt brokers that do not trade at least 20/25% daily volumes . Thry can do this by having agreement with brokers stating that unless their past average volumes are not 25% on BSE in past six months incase of OUTAGE on NSE they will not accept volumes beyond their daily average volumes …this will shake up the brokerage industry that happily uses NSE ANS USES BSE as standby.
Sebi should ideally make this directive othewise whats the point of having 2 exchanges . Most countries just have one x US . SO if SEBI is not making this directive then let brokers take the risk of not having liquidty available to them . Alternatively BSE can charge a massive fee to access liquidity incase of market outages at NSE. Montly charge to acces market in case of outage over and above past daily volume.
MOST BIG BROKERS LIKE ICICI HDFC ETC will simply shift 25% volumes . Thats how institutons work …
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