My post was actually about Institutions who are providing prop. trading DMA/STP access to Funds/Investment Entities registered with SEBI, which is one hell of trouble.
Many institutions like Deutche Bank, Merrill etc. have readied DMA access to Indian exchanges for their clients. I am sure there would be others also.
What I want is a better platform that has access to Indian exchanges and I will obtain the permissions through the red tape myself.
If one can trade in INDIA the best trade is to ARB between CASH to Futures in stock it is a very very big business in India with 0 risk. At present all prop trading Co. in India are trading this.