We should recognize that IEX is not a mass customer brand nor are they the target audience. Among the target Audiences [Discoms and power producers] they have the most robust brand recognition.
The argument is that IEX can stop it, by going to court, I have very little to no knowledge of what can be done or can it be done.
The argument that GOI is trying to kill exchanges to bring is there own system is very hard to digest, I mean they gave license to new exchange last year, and they created the environment, and policies so that in the last decade or so, these exchanges can thrive, and suddenly they want to kill them, seems very unlikely. The basic idea is to take monopoly of one exchange so that competition can thrive, and better services and products can be bought into the market seems more logical.
You rightly pointed out that there is a lack of clarity, and hopefully, we will get some in some time.
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