Subject: Fw: To Provide Fair Trading Platform in the interest of Hedgers Ticket ID:001-00-391273
To, Raipur 13-04
Hon'ble Mrs. Usha Suresh Ji
Director
FMC
Respected Madam
In Continuation of Trailing mail we want to say by Increasing margin from 5 % (old) to 10% (new) wef from 12/04 on agri commodity their is another New avenue of Margin Funding is opened for Broking Houses to charge interest @16to20% on margin shortage.By increasing Margin We can not stop the speculation And Circular Trading Activities.
For stopping The circular Trading we have only option not to display Number of buyer/sellers, buyers/sellers Quantity & total open interest for the day (ie Daily open Interest) is not displayed on the commodity Trading Platform. only They have to display Buyers Rate & sellers Rate Only.
Present Display Menu Is as under
Buyers Sellers
Bidder No Qty. Rate Rate Qty Number Of Bidders
1 10 3326 3327 10 1
3 60 3325 3328 10 1
1 100 3322 3330 50 2
2 20 3318 3340 100 5
1 50 3315 3345 20 2
From above table it is clear that the if first two person who are the of same group & want to do circular trading to artificially increase/decrease the market they can easily do. because from above table it is clear that only there is one buyer and one seller is on the platform. If Only Rates are Displayed on the Plate form then no one can know how many buyers and sellers are & what Quantity are present on the platform. although still fair trade will be done.
I request you to please do needful on the issue and save retail investors & real hedger.
Please acknowledge the receipt of This mail
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