Indian regulator stalls entry of new exchanges into options market
India's regulator told new exchanges to build share trading volume before launching derivatives. The move aims to cool a market where retail losses are high.
Insights:
The Securities and Exchange Board of India (SEBI) has officially instructed the National Commodity and Derivatives Exchange (NCDEX) and the Metropolitan Stock Exchange (MSE) to halt their current plans to offer equity derivatives. According to the directive announced today, February 10, 2026, the regulator has mandated that these exchanges must first focus on developing liquid cash equity trading and upgrading their existing technology infrastructure before they can be permitted to launch derivatives products. This action effectively pauses the planned expansion of both institutions into the broader equities and derivatives segments in India 
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