Broking industry body Association of National Exchanges Members of India (Anmi) has urged regulatory authorities to reconsider the proposed 100% levy on day trade peak margins. The concerns raised by Anmi is related to Sebi’s new mandate in margin trading which was brought into effect last year in a phased manner. “In the current margining structure, the current levy of Peak margins is actually 300% of the margin which should have been actually levied. The levy of margin being a high multiple on intraday trades is also causing effects elsewhere," said Anmi spokesperson. It further reiterated that nowhere in the world, clients are required to pay upfront peak margins.

Source: Mint May 24, 2021 14:03 UTC