The Association of National Exchanges Members of India (ANMI) has stepped into its 30th year with a bang. On August 1, 2025, ANMI unveiled a bold 5-point reform manifesto to reshape India’s capital market. The plan is part of its larger vision to build a Viksit Bharat by 2047.
The announcement came at a press meet in Mumbai. It follows extensive talks with brokers, traders, and key market players. ANMI’s proposals are sharp, structural, and aimed at future-proofing the financial system.
1. Cash Market Ko Boost: Expand Derivatives
ANMI suggests more stocks should be eligible for F&O. Currently, India allows only a few. Globally, 70–80% of traded stocks fall under derivatives. Data shows this shift can lift cash market volumes by up to 120%. A wider F&O basket could pull in more retail and institutional players.
2. SLB Ko Strong Banao
India’s Securities Lending and Borrowing (SLB) system is still weak. High margins and poor retail access are the main culprits. ANMI recommends cutting margin costs and improving awareness. A better SLB market can help investors hedge risks and reduce wild speculation.
3. Currency Derivatives Ko Wapas Lao
Currency derivatives, once popular, are now losing steam. The reason? Confusion between SEBI and RBI regulations. ANMI urges both regulators to clear the air. Bringing back access to unhedged positions could revive this vital market segment. Exporters and importers depend on it.
4. Co-Location Commodities Mein Bhi Chahiye
In equities, co-location is allowed. But in commodities? It’s banned. This hurts efficiency and investor access. ANMI calls for parity. Let commodities enjoy the same tech edge as equities. Global markets already do it.
5. Fixed Income Derivatives + Safer Retail F&O
India lacks fixed income index derivatives. ANMI suggests introducing them, tied to government and corporate bond indices. They’ll help big players like pension funds hedge better. On the retail side, ANMI wants tighter F&O rules. Most small traders lose money. Better limits and protection can fix that.
Celebration with a Cause
Earlier in the day, ANMI also held an Investor Awareness Walk at Charni Road. Over 250 people joined—students, brokers, and market fans. The event promoted financial literacy and marked ANMI’s three-decade journey.
A Step Towards Viksit Bharat
ANMI’s reform list is not just a wishlist. It’s a call to action. From stock expansion to tech parity, every move targets deeper, fairer, and stronger markets. The association plans to work closely with SEBI, RBI, and other bodies to push these ideas into action.
India’s capital market is growing. But to lead globally, it needs bold upgrades. ANMI’s 5-point punch might just be the push it needs.
