Tejas Khoday

Co-Founder & CEO, FYERS
@Fyers Tech, @Tejas Khoday,
Do you offer Derivatives trading for NRIs? If yes, then what is the process.
We used to but stopped it.

The back-end clearing mechanism is made deliberately complicated to such an extent that it poses risks and increases the cost of compliance to unsustainable levels. Since banks need to be involved in the process as per RBI, it makes the process even slower. The clearing procedure definitely needs to be modernized in my honest opinion.

We may re-introduce it in the future if it is commercially feasible.