With the new index-derivatives norms rolled out from the end of November, brokerages and their distributors are finding alternative sources of revenue.
Dabba trading platforms are aggressively promoting their no-margin and high-leverage products amid the market regulator's curbs on index derivatives, which will come into effect from November 20.
Moneycontrol had earlier reported that market experts are worried about SEBI's proposed F&O curbs stoking dabba trading.
SEBI's proposed measures to curb F&O betting has raised concerns of traders turning towards illegal dabba trading, which bypasses stock exchanges and proper KYC, posing significant risks.
Legal experts say that the actor headlining the platform’s ad could turn out to be a legal liability.
Higher shares of ‘brokerage’ and vertigo-inducing leverage are making it an attractive option, although it is an unregulated market and carries high risks.
Talking to CNBC-TV 18 about the introduction of commodity transaction tax (CTT) in the Budget last week, Shreekant Javalgekar, MD & CEO, MCX, said the proposal was fraught with many inconsistencies.