By Kavaljit Singh | Briefing Paper # 17 | July 2014
After operating in the shadows for more than two decades, the murky world of dark pools is coming into the light. On July 1, 2014, the Financial Industry Regulatory Authority (FINRA), independent securities regulator of the US, imposed a fine of $800,000 on Goldman Sachs for failing to ensure that trades in its dark pool trading system took place at the best price. Would an $800,000 fine on Goldman Sachs act as a deterrent to stop predatory behavior? The…
The participation of farmers in commodity futures markets is extremely limited. According to market estimates, not even 2000 farmers in India are directly participating in the futures markets. Farmers can benefit directly from futures market by entering into futures contracts to sell their produce at a pre-decided price at a future date or indirectly by growing crops based on the expected future price disseminated through the exchange. However, both these benefits have not been passed on to Indian farmers till…
