Ajay Shah writing for the mass media (1996)
- The cost of trading, appeared in Vyapar on XX October 1996. kw - transactions costs, brokerage, market impact, counterparty risk, paperwork, fake settlement.
- An interview about index funds, appeared in Business Standard on XX October 1996.
- Automation, competition and the BSE by Ajay Shah and Susan Thomas, 20 March 1996. kw - onset of electronic trading at BSE, and rise of competition with NSE.