New Delhi, June 23 -- The Securities and Exchange Board of India (Sebi) has proposed extending the facility of Direct Market Access (DMA) to all categories of investors, a move that could allow retail and other investors to directly access trading platforms without routing orders through brokers.
Currently, DMA is available mainly to institutional investors. The market regulator, in a consultation paper issued on Monday, said technological advancements have created opportunities to extend the benefits of DMA to other investor categories, subject to appropriate risk management measures.
DMA enables investors to place buy and sell orders directly into stock exchange trading systems, reducing dependence on traditional broker-based order exec...