Sebi's new markets rule to come into force in one month
December 14, 2012  16:45
The Securities and Exchange Board of India, India's capital markets regulator, has set new rules -- such as limiting order sizes -- to check stock market volatility and avoid a "flash crash" such as one which halted trading two months ago, reports Raghavendra Upadhyaya in the Wall Street Journal.  

Sebi, he writes, has asked stock exchanges to put in place some initial rules in one month's time, and to inform market participants a week before their implementation. 

'These measures will be implemented in phases in order to ensure that the exchanges can tweak their technology while maintaining adequate controls,' the report says.
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