Thanks for the detailed reply Mr Sajal.
About CERC’s and GoI’s obsession with the monopolistic stature of IEX, again I have a doubt.
The problem with monopolistic businesses is they attain undeterred pricing power and charge exorbitantly high from their customers. However, IEX case may be different. It is regulated by CERC. Considering the sensitive nature of power sector, it is unlikely that CERC or GoI would allow pricing power to IEX. Then how is it ever a threat if it enjoys the heavy volume on it’s platform by virtue of innovation and first mover advantage? The power transactions have to happen at some platform. Why not IEX as long as price is controlled by the regulator. I understand it is a risk because of hypothetical scenarios like what if the single exchange gets hacked or crashes. But how is it a threat in the absence of pricing power !?
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