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India turns up heat on 'shadow' market

Dabba trading estimated to be 8-10 times the regulated derivatives market

KEEPING WATCH: Sebi officials say that they are worried about contagion if markets turn volatile, particularly if dabba traders are using both on-market and off-market trades to hedge their exposures.


A CRACK team of regulators and specially trained state police are spearheading India's efforts to stamp out the country's "shadow" market in shares and commodities, turning up the heat on backstreet traders who threaten the broader financial system.

So-called dabba trading...