After the recent bloodbath on the Indian capital markets, rolling settlement was introduced replacing the age-old badla amidst protest by brokers. The biggest impact of recent developments is more on the 125-year-old Bombay Stock Exchange. With the lack of interest among retail investors in trading, ban on its USP and competition with NSE heating up, the premier exchange of India has suddenly found itself in a chaotic situation. Added to its woes in the domestic market, threats from the global arena are also fast emerging. The question that crops up in the light of these developments is - "Will BSE Survive?"

The Age-old badla has finally been shown the door. It has ruled the Indian markets unabated for so long that it became virtually impossible for the market participants to detach themselves from it. The situation of stock exchanges is similar to the plight of the brokers. On one hand, the exchanges are experiencing steep decline in the turnovers while on the other the viability of exchanges is discussed in the wake of the stock market scams that Indian markets have witnessed in the last decade.

exchanges, market, brokers, developments, capital, competition, decline, investors, stock exchange, emerging