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STOCK BROKERS TRADE ON PHONES IN BOMBAY, 2001-06-29 (photo)

IMAGE number
REU8153431
Image title
STOCK BROKERS TRADE ON PHONES IN BOMBAY, 2001-06-29 (photo)
Auto-translated text View Original Source
Medium
photograph
Date
2001 AD (C21st AD)
Shooting Date
2001-06-29
Image description

Stock brokers trade on the phone in Bombay, June 29, 2001 as a century old practice of 'carry forward' trading was consigned to the pages of history. "Carry forward" trading is a private financing facility which allows investors to buy much more than they can afford. The Securities and Exchange Bureau of India (SEBI), a market regulator, has banned this popular facility starting Monday after it was blamed for allowing speculators to wield undue influence over bourses and for causing excessive volatility in stock prices. UK/CP

Photo credit
REUTERS / Bridgeman Images
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