May 23, 2018

Brokers oppose SEBI's derivatives trading hours extension; all eyes on Friday meet now

..The brokers are unhappy with the move and seek trading in indices trade till midnight instead. “We have given a detailed presentation on derivatives to the Sebi. It primarily focuses on not extending the trading timing of single future till midnight. SEBI has agreed to meet our representation on Friday,” Rajesh Baheti, President, Association of National Exchanges Members of India told Moneycontrol.

“Nowhere in the world single-stock derivatives trade without cash market availability. Actually, we are required to trade on the basis of world market volatility which requires indices to remain open for longer trading hours,” Baheti said.

Read more at https://www.moneycontrol.com/news/business/markets/brokers-oppose-sebis-derivatives-trading-hours-extension-2573607.html

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