Markets to integrate in 10 months: Sebi Chief Ajay Tyagi

He says he expect exchanges to deal with both commodities and equities from October 2018

AJAY TYAGI, chairman, Securities and Exchange Board of India, spoke to journalists after its board meeting on Thursday. Edited excerpts:

On integration of commodity and equity exchanges

When the Forward Markets Commission was merged with Sebi in September 2015, there were different timelines for different items. We could expect exchanges to deal with both commodities and equities from October 2018. However, these products will have to be introduced with approval of Sebi. At the brokers level, we have already brought in the required synergy. It is now time to bring in synergy at the exchange level. We will soon come up