New Delhi, Oct. 7 -- India's stock exchange ecosystem requires greater competition and collaboration to develop new platforms and products, said the chief executive of Metropolitan Stock Exchange of India (MSEI), as the regulator's decision to cap weekly expiry days has dealt a setback to its equity derivatives foray.

"We need competition because our Prime Minister's vision of growing [India's economy] from $4 trillion to $10 trillion will require multiple marketplaces and robust infrastructure," Latika Kundu said during the Global Fintech Fest in Mumbai.

The Securities and Exchange Board of India's (Sebi's) recent move to limit weekly derivatives expiries to just two days per week across all exchanges could pose a challenge for emergin...