JPMorgan India options ban augurs faster crackdown

More curbs look imminent. Mandating higher collateral from retail traders makes sense, as does eliminating more frequently traded weekly contracts to minimise speculation. Eventually stock exchanges and brokers may be asked to take on a bigger role, like in the U.S. where the latter closely screen customers for net worth and investment knowledge. That would be unpalatable for the likes of IPO-bound National Stock Exchange of India, which gets 60% of its revenue from options, and the $13 billion Billionbrains Garage Ventures BILO.NS, owner of stockbroker Groww, which draws over half of its top line from equity derivatives. India's options gold rush may slow sooner than expected.