Ajay Tyagi takes charge as Sebi chief

Immediate priorities could be commodity market reforms, finalising algorithm norms

Ajay Tyagi assumed charge on Wednesday as the ninth chairman of Securities and Exchange Board of India (Sebi). The former additional secretary in the Department of Economic Affairs, made a confident entry in the Sebi's and is likely to hit the ground running.

Sources said the Finance Ministry has set some action plan for Tyagi particularly in the area of commodity markets. "He has been briefed to focus on integration of the commodity market by allowing interoperability for brokers. The government has a view that commodity market still lacking confidence even post-merger with Sebi and will need some regulatory changes," said