This speculative risk is most visible in dabba trading—an illegal, parallel market where operators use live exchange prices as a benchmark to settle off-market bets without actually executing any trades on the exchange. Akshaya Bhansali, managing partner at Mindspright Legal, said, “Dabba traders have their own stock-market-like software and trading happens live, based on data from the real market. If live data is not available there is no use of this software.”
