FMC asks investors to live with CTT; proposes reforms

While introduction of CTT has been one of several reasons for the fall in market participation, Abhishek told the market to learn to live with CTT. He, however, added that some changes may be brought in. According to FMC data, the total value of trade in FY14 (till January 15) declined by 37 per cent to Rs 85.28 lakh crore from Rs 136.5 lakh crore in the same period last year. “As of now the guidelines do not allow members of the exchange or brokers to trade even if they have share in some other exchange. We are going to recommend to the government to change it,” said Abhishek.