European binary options19 comments
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It is scary to see India becoming more protectionist and anti-free market. Looks like we are headed back to the licence raj regime. On a related note, I believe this move can only result in Index futures being stopped.
For single stock futures, there are no licencing requirements. Closing stock price data is only required for arriving at the final monthly stock futures settlement price. This data can be obtained by SGX from multiple free sources; business newspapers, news channels, websites etc. TraderVenk Both the analogies you are drawing here are on different tracks - comparing apples with oranges.
Its on a public field open for everyone, not on a private land. You also mentioned about American inventions. Nobody is denying that those things are gamechangers, but they were imported and continue to be part of life. America charges for everything - try getting a patented drug from the US. Secondly, America is not complaining that India has made more money from those things.
A better comparison to make is your parking space, or your lawn. You will be at a loss in both the cases. That is what is happening with SGX Nifty. Good to hear different point of views. My analogies were more for fun. Even if u take it seriously, consider this: Americans gave their inventions to their world so that they can control and rule the world. So its about control where US progress and every one else progress but US remains in control.
The guy who is driving in PUBLIC road in his own style also want to exercise control over a scarce resource actually scarce economic resource by preventing others getting ahead. In this process neither he reaches the destination on time nor allows others to do it. A very useful and successful and patented Indian style to ensure equality. U know… Everyone reaches destination at same time.
U see… Equality, Socialism. Exactly what i have been saying here in this thread. They may actually offer a system of competitive bid based trading for such OTC products. They cant intimidate FIIs. Going forward this action will help Indian market much more and brings more liquidity to Options.
Here is the link to the press release. This will provide market participants with the same ability to invest and maintain their risk exposure to the Indian capital markets. Our successor products will provide certainty and continuity for our clients. Chances of Derivative liquidity will improve. End of SGX Nifty!
So the next possible move more logical than this could be extension of trade timings? SGX will be free to do the business. Details of the successor products and progress on the link will be communicated by March