Sebi readying stock crash protection measures

The Securities and Exchange Board of India (SEBI) will soon announce measures to protect

RELATED ARTICLES

investors against stock crashes after a set of erroneous orders from Emkay Global sent shares tumbling last month, Sebi chairman UK Sinha said on Friday.

SEBI has been working on measures after misplaced orders worth more than $125 milion sent the broader NSE index falling as much as 15.5 per cent in October, before trading was halted for around 15 minutes.

"We are going to take some measures so that there is some pre-check in orders, pricing and there are some other checks also introduced," as the market regulator looks to avoid similar incidents, Sinha said.

Sinha did not give further specifics or say when the measures would be introduced.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • With RBI’s role diluted, we are moving closer towards a super regulator

    The government and the Reserve Bank of India (RBI) have signed a monetary policy framework agreement last month under which RBI will be committed to b

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

The making of a digital Bharat

Exactly 20 years ago, Nicholas Negroponte of MIT Media Labs ...

Rajgopal Nidamboor

The eternal radiance of our being

We sense, we sight, we smell, we touch, we hear, ...

Shona Adhikari

Art world celebrates two ‘new’ Cezannes

The focus moves once more to post-impressionist Paul Cezanne, who ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture