India’s market regulator is weighing options to direct stock exchanges to either stop offering securities-related data feed services to entities trading on bourses abroad, such as the Singapore Stock Exchange (SGX), or levy high additional fees on the traders.
Two persons directly aware of the ongoing discussions between the Securities and Exchange Board of India (Sebi) and stock exchanges said the markets regulator was doing this in an effort to prevent the country’s derivatives business from migrating offshore.
