The claim that Market Coupler will enable discovery of an uniform price is dubious. If currently 90% of market participants via IEX discover a clearing price, then it is 90% assured of an unbiased price. Will adding 10% more of participants sway the price discovery so much?
It will not be like adding Bill Gates’ wealth to an average of 1000 poor-middle-upperMiddle class peoples income.
If true price discovery needs to be arrived at then MBED is a must – to agglomerate PPA too.
Speculation : As a conspiracy theory this Govt circular may have been induced by aggrieved competitors.
The study will take time to yield result – about a couple of years as mentioned in a few articles.
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