TITLE:
ADR on Unauthorized Liquidation of Futures Positions at the Stock Exchange in India: An Empirical Study
AUTHORS:
B. Brahmaiah
KEYWORDS:
Arbitration, Futures, Applicant, Respondent, Stock Exchange
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.11,
August
22,
2018
ABSTRACT: The paper investigates margin rules, and regulations
of Futures segment of Stock Exchanges in India and practices followed by stock
brokers of the Stock Exchanges. Trading practices, misuses and abuses of
securities market by trading members have been identified and analyzed. It
finds how trading members violate of trading rules, misinterpret regulatory compliances
and indulge unauthorized trading. The findings and conclusions provide inputs
for the development of appropriate regulatory framework for the futures segment
of securities market. However, the results may be generalized only in the
emerging markets environment. Hence, researchers are suggested to study margin
guidelines of futures market, appreciate the dynamics of futures market and
apply the same in their future research in India and abroad.