Federation chairman P C shrimal on the occasion of the annual general meeting of FISE here on Saturday said, ``the scheme of uniform settlement may lead to greater volatility.''

According to a release on Monday, the meeting also decided that members of the regional stock exchanges, willing to trade only in the national segment of the Inter-Connected Stock Exchange of India (ISE) and not in the regional segment of their respective stock exchanges, should not be required to meet the capital adequacy requirement of the regional stock exchange.

The executive committtee of FISE unanimously elected Kamal Parekh, president of the Calcutta Stock Exchange as the chairman of the federation for the year 1998-99, the release said.