Via Waters:

“Dharamshi predicts that the availability of low-touch trading will cause volumes to double over the next couple of years. The firm already has 150 foreign institutional clients in London and Hong Kong and Dharamshi says the availability of DMA will lure a new crowd of statistical-arbitrage hedge funds and program traders to India. Motilal Oswal already has interest from potential new clients in the US and Singapore, he says. According to Omnesys' Kudva, the availability of DMA will also encourage brokers' existing clients to trade more as there will be less of a chance of their brokers front-running orders.”