The Market yesterday welcomed Sebis decision to clear the modified carryforward system although there were rumblings against the decision to retain the twin-track system.
The Bombay Stock Exchange is all set to kick off the modified carryforward plan after Diwali. The exchange will discuss the modified system proposal on October 22 at a meeting, BSE officials said.
NSE managing director R H Patil said, It will go a long way in enhancing trading volumes on the BSE. However, former BSE executive director M R Mayya described the modified system as truncated badla.
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He also criticised Sebis decision to continue with the twin-track system and maintain the 90-day limit.
G S Patel, who had drafted an earlier report, also argued that there was no reason to retain the 90-day limit. He welcomed other clearances for badla trading, favouring some restrictions.
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