High-Speed Traders Made $7 Billion in Indian Options Market Boom
- Over 90% of small traders lose money in futures and options
- Just 1% of retail traders made profits of over 100,000 rupees
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Algorithms helped foreign funds and proprietary trading desks pocket 588.4 billion rupees ($7 billion) in gross profits from trading Indian equity derivatives, a study by the nation’s market regulator showed.
The bulk of the gains came at the expense of individual traders and others, who lost a combined 610 billion rupees dabbling in stock futures and options in the financial year ended March, according to the study published Monday.