Upcoming reforms to the European Union Emissions Trading System (EU ETS) could reshape carbon market dynamics and force traders to focus more heavily on policy scenarios, according to a senior carbon trader.

A plan to cap the dividend earned by stock exchanges from their clearing subsidiaries is reportedly under consideration by a panel constituted by the Securities and Exchange Board of India (SEBI), according to a report by Economic Times.

The London-based brokerage and clearing firm has launched operations in Japan, marking a significant expansion of its Asia Pacific strategy and strengthening its presence in one of the region’s most established capital markets.