Despite the recent announcement to implement six safety measures in a phased manner to protect the investors in the Futures and Options (F&O) trade by SEBI, Ashish Chauhan, Managing Director and Chief Executive Officer, NSE, said that the stock exchange is yet to take a call on a single weekly index.
On the sidelines of the event unveiling CareEdge Global IFSC Limited’s report on Sovereign Ratings of Global Economies assigning sovereign ratings to 39 countries at GIFT City, Chauhan said, “Our teams will get to go through all the details and work with the regulator on their opinion. The proposed regulations by the market regulator are aimed to protect the small investors from the volatility of the market.”
It should be mentioned that SEBI (Securities and Exchange Board of India), on October 1, announced as many as six measures to strengthen the derivatives market in the country. The measures are supposed to be implemented in a phased manner between November 20, 2024 and April 1, 2025.
These proposed measures include the upfront collection of options premium, removing calendar spread benefits on expiry day, increasing the contract size for index derivatives, intraday monitoring of position limits, rationalizing weekly index derivatives to one benchmark per exchange and enhancing margin requirements on expiry days.
Unveiling its report on sovereign rating to 39 countries CareEdge Global IFSC Ltd, a subsidiary of CARE Ratings Ltd, one of India’s leading credit rating agencies, CareEdge Ratings Limited, one of India’s leading credit rating agencies, has become the first Indian credit rating agency to enter the Global Scale Ratings space, through its subsidiary, CareEdge Global IFSC Limited. The rating agency has assigned long term foreign currency (LTFC) rating of CareEdge BBB+ to India.
Mehul Pandya MD & Group CEO, CareEdge said, “This is a significant milestone for us in our journey towards becoming a global knowledge-based institution. CareEdge Ratings brings with it a nuanced understanding of emerging economies – a perspective that is invaluable in today’s complex global economic environment.”
Revati Kasture, Executive Director, CareEdge Ratings said, “Our methodology is robust and ensures equal treatment of both developed and emerging economies by using consistent thresholds across all countries. The ratings generated through our approach will support investors and enrich the range of perspectives on different countries and markets.”