May 4, 2018

SEBI allows exchanges to extend trading hours in derivative between 9 am to 11:55 pm

India’s market regulator has allowed stock exchanges to extend trading in equity derivatives by more than eight-and-a-half hours to bring the timings in line with commodity markets.

Stock exchanges have been permitted to set their trading hours in the equity derivatives segment between 9:00 a.m. and 11:55 p.m from Oct. 1, according to a Securities and Exchange Board of India circular on its website. As of now, trading is allowed from 9.15 a.m. till 3.30 p.m.

The decision is aimed at integration of various trading segments of securities market as stock exchanges have been permitted to trade commodity derivatives along with other segments of securities from Oct. 1.

SEBI had earlier allowed unified exchanges for stocks, commodities and derivatives. That came after the Forwards Market Commission, the erstwhile regulator for commodity markets, was merged with it in the aftermath of the Rs 5,600 crore payments crisis at the National Spot Exchange Ltd.

Welcoming the decision, BSE’s Ashishkumar Chauhan said in the statement, “The introduction of the extended hours is a positive development and will bring Indian market in line with International market and Indian commodity derivative markets,”


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