RBI’s New collateral rule is a ‘death knell’ for prop trading, warns Crosseas Capital MD

https://www.cnbctv18.com/market/rbi-new-collateral-rule-is-a-death-knell-for-prop-trading-warns-crosseas-capital-md-19936050.htm
Rajesh Baheti, Managing Director of Crosseas Capital Services, estimated that Indian broking houses and domestic high-frequency trading (HFT) firms account for 30% to 35% of total exchange turnover. He said the new collateral requirements could reduce activity in this segment by 30% to 35%, resulting in an estimated 10% to 12% decline in overall daily trading volumes…