Margin Norms Had Moderate Impact On Exchanges' Turnover In December: ICICI Securities
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ICICI Securities Report
With effect from December 2020, Securities and Exchange Board of India mandated collection of upfront margin from clients equal to the higher of peak margin or end of the day (EOD) margin in intraday as well as delivery.
From the said date, brokers moved away from the EOD position to intraday peak margin for calculating the margin requirement.
In December, National Stock Exchange retail/overall cash average daily trading volume declined 2.5%/10% month-month-month while NSE retail/overall derivative turnover changed down 6.5%/up 3% month-on-month.
Multi Commodity Exchange of India Ltd. ADTV came in at Rs 300 billion in December. (down 9% month-on-month).
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