SEBI

  • Market Cap Muddle

    Do large-cap or mid-cap definitions make any sense? Before 2017, there was no “official” definition of mid-cap or large-cap stocks. Different analysts, brokers and fund managers used their own definitions, leading to considerable confusion. Non-standard definitions meant that similar mutual fund schemes, e.g., large-cap funds, used different norms. This not only made it difficult to Continue reading

  • Why do we need Algos?

    Thoughts on high frequency trading after SEBI took on Jane Street In recent days, the ban on Jane Street has re-ignited discussions on scams and the much-scammed retail trader. Much of this follows a familiar script – either blame SEBI, or the foreign manipulator, or inadequate regulation. And as usual, everyone, including politicians of all Continue reading