India’s largest exchange plans to start extended trading subject to approval from the regulator some time in October, it said in an email to clients. The bourse shared a “skeletal framework” for trading till 11.55 p.m.—nearly seven hours more than now.
According to the framework:
The First Session
The exchange would allow trading to continue from the previous day’s second (evening) session. That’s because it doesn’t want its members to settle trades in the night. Moreover, there would be thin trading on most days in the night, said a senior NSE official on condition of anonymity.
Trade modification will be allowed till 4:00 p.m. and all orders outstanding after 3:30 p.m. would be cancelled, as is the case now. More details would follow in a separate circular, the exchange said.
The Second Session
Read more at https://www.bloombergquint.com/markets/2018/07/24/nse-asks-clients-to-get-ready-for-derivative-trading-till-1155-pm#gs.bU00Nzg
According to the framework:
- There shall be two trading sessions with a break of about 60-90 minutes.
- The first session would be between 9:15 a.m. and 3:30 p.m.
The First Session
The exchange would allow trading to continue from the previous day’s second (evening) session. That’s because it doesn’t want its members to settle trades in the night. Moreover, there would be thin trading on most days in the night, said a senior NSE official on condition of anonymity.
Trade modification will be allowed till 4:00 p.m. and all orders outstanding after 3:30 p.m. would be cancelled, as is the case now. More details would follow in a separate circular, the exchange said.
The Second Session
Read more at https://www.bloombergquint.com/markets/2018/07/24/nse-asks-clients-to-get-ready-for-derivative-trading-till-1155-pm#gs.bU00Nzg
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