NSE chairman says its time for India to reconsider self-listing of exchanges
Self-listing is permitted in most major jurisdictions, although in India it is viewed as a conflict of interest, NSE Chairman Srinivas Injeti says
India's markets regulator should reevaluate the practice of self-listing for exchanges, according to NSE Chairman Srinivas Injeti. This comes in the wake of the bourse's debut at a valuation of approximately $47 billion, just a day ago. The chairman noted that self-listing is allowed in many advanced markets; however, in India, it is perceived as a conflict of interest. NSE, India's dominant exchange, handles roughly 93% of cash-market trading and nearly 75% of options trading.
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