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Author

Chinmaya Bhat

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Open access Sep 2026

Market Structure and Manipulation Risk in India's Derivatives Segment: A Leverage-Multiplier Framework Applied to the Jane Street Case

India's equity derivatives segment has become the largest in the world by contract volume, and by late 2024 its notional turnover reached roughly 400 times that of the cash market, a ratio that fell to around 300 times by early 2025 after regulatory intervention. On a premium basis, a more economically meaningful measu...

Nirav Nishit, Poojari Pritish Satish, Chinmaya Bhat · 0 citations
Review Open access 2026

Market Infrastructure, Volatility Dynamics, and Investor Protection in India's Evolving Capital Markets: An Integrated Empirical Assessment

India's stock exchanges have grown from regional trading floors into some of the busiest markets in the world. Earlier work by the authors examined retail losses and regulatory reform; this paper turns to the infrastructure underneath. It uses the initial public offering of the National Stock Exchange (NSE), completed...

Nirav Nishit, Poojari Pritish Satish, Chinmaya Bhat · 0 citations

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