India's Supreme Court will hear IEX challenge on market coupling
NewsBytes | May 12, 2026 5:39 AM CST
IEX objects CERC defends market coupling
IEX says this new system puts its more than 95% market share at risk and is not fair.
Their lawyer, Mukul Rohatgi, compared it to "Can you merge NSE and BSE together? If you pool all of them together, I will lose edge.", arguing it kills competition and hurts their edge.
CERC, on the other hand, sees market coupling as a mechanism that combines buy and sell orders from every exchange to set one single price.
Implementation was scheduled to begin in January 2026.
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