Net trading panel to assess violations

The regulator would also approach the department of telecommunications to allow network interconnectivity in order to promote net-based trading, Sebi chairman D R Mehta said. 8220;It is a good alternative to the existing VSAT-based system, as it implies reduced costs, improved speed and efficiency,8221; he said.

Net-based trading would allow access to investors in remote parts of the country. It would also imply lower infrastructure costs, he said. The meeting was more of a brainstorming session and the committee sought to understand the prevailing system in the United States, Gahrotra said.