Amit Rathi, director, Anand Rathi Commodities, a subsidiary of Anand Rathi Financial Services, estimates expenses being cut by “at least” 10%. “At the moment, a trader loses a day in moving money from one arm to another if he has to change asset classes from shares to commodities,” he said.Crosseas Capital is among the leading proprietary traders on the National Stock Exchange. The combined turnover — demat cash and derivatives — of NSE and BSE was Rs 709.46 lakh crore in the fiscal year to December 2016, up 31% from the year earlier. Turnover in equity derivatives is significantly higher than the commodity counterpart.Another benefit of the unified licence is that traders can easily switch over to the commodity segment after the stock exchanges close at 3:30 pm. The commodity exchanges run from 10 am to 11:30 pm.The ministry of finance, Sebi and Reserve Bank of India jointly regulate capital markets.

Source: Economic Times July 16, 2017 19:34 UTC