India’s Exchanges: The Gloves Come Off

For years, India's largest trading venue has been the National Stock Exchange (NSE), which, even during the global financial crisis, has reigned over a period of relative prosperity. The country is an attractive destination for international traders, and Demat accounts-electronic accounts that are mandatory for trading in India-recently reached an all-time high at 15.7 million, according to a recent Celent report. The NSE's dominance is not, however, uncontested. Others are moving in on its