Based on rumours I have heard, there are multiple allegations that existing player, some existing brokers and some employees of the exchange are trying to create maximum roadblock in transition to new system. Rumours include story of missing requirements shared by exchange employees, some brokers not participating fully in mock tests or deliberately entering wrong data, selective leaking of internal conversations on twitter, sending bug report to regulators to create pressure etc. etc. etc.
Please note these are all rumours I have heard and I do not have any proofs to substantiate it. So do not blindly believe it as truth.
Only conclusion I was able to draw from it was that when such complex migrations are involved, story is not always simple or straight forward – multiple players with their own vested agenda will try to bake their bread in the entire episode. As a retail investor we should not simply assume that such migrations will happen as per committed time. Guess many of us learnt it the hard way
P.S: If this post violates any of the forum guidelines, please let me know. I will immediately delete it.
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