{
  "id": 17420522,
  "title": "Existing exchange infrastructure sufficient for larger volumes; location-based exchanges difficult to operate now: SEBI Chairman",
  "url": "https://urgent.news/2026/10/31/existing-exchange-infrastructure-sufficient-for-larger-volumes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T15:04:17.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/existing-exchange-infrastructure-sufficient-to-handle-larger-volumes-difficult-for-location-based-exchanges-to-operate-now-says-sebi-chairman/article71650042.ece"
  },
  "original_language": "en",
  "account": "SEBI Chairman Tuhin Kanta Pandey stated on Saturday that India's existing exchange infrastructure is sufficient to handle larger volumes and that location-based exchanges are now less relevant due to the need for electronic connectivity. He emphasized that the country does not need more exchanges, whether regional or national. Regarding the proposed revival of the Calcutta Stock Exchange (CSE), Pandey explained that it must meet several conditions, including a net worth of ₹100 crore, an average annual turnover of ₹1000 crore, infrastructure for orderly trade execution, an online screen-based trading system, online surveillance capabilities, and cyber security controls. The bourse would also need to settle outstanding broker dues and establish a separate clearing corporation or partner with trading corporations for trade settlement before resuming operations. Additionally, a business plan must be presented, as trading has been halted since 2013. Pandey highlighted that location-based exchanges are now less relevant due to technological advancements and the need for electronic connectivity. The West Bengal government has proposed supporting the revival of the 118-year-old CSE to restore Kolkata's financial prominence.",
  "summary": "He also indicated SEBI will soon issue a consultation paper on FPI compliance and highlighted broader efforts to streamline fundraising and governance capacity-building for independent directors",
  "key_points": [
    "India's existing exchange infrastructure can handle larger volumes",
    "Location-based exchanges are less relevant due to electronic connectivity",
    "Calcutta Stock Exchange must meet strict conditions before revival"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}