 "Sebi considering integration of intermediaries first, exchanges later")
The Securities and Exchange Board of India (Sebi) is currently weighing integration of intermediaries such brokers in the derivative markets before integrating exchanges for allowing commodities and equity/currency on one platform.
The current Sebi regulations do not permit an equity exchange to trade in commodities and vice versa. Separate exchanges, therefore, are required to offer trade in different financial segments.
Similarly, market intermediaries such as brokers require to float separate entities for facilitating trade in equities/currencies and commodities. Sebi is working on the integration of brokers and members to facilitate trade either on their own behalf, that is, proprietary trading, or client-based
