When Dr RH Patil left a cushy job at IDBI to plunge into uncharted territory, it was very out of character for someone who had spent his entire career working in government institutions. He, however, nonchalantly went on to create history. The critics were not kind, though. When he went about asking brokers from regional exchanges to become members in the new exchange that he was starting, the prompt reply was, “Why should we ever come to your exchange?” The overriding thought was, ‘babus’ from government institutions do not know anything about the market and will end up designing a half-baked exchange. The reality could not have been further from the truth.