NEW DELHI: Markets regulator Sebi on Friday allowed exchanges to extend the buying and selling time for equity derivatives till 11.55 pm from October 1.
The transfer is part of Sebi's efforts to permit integration of stocks and commodities buying and selling on a single change.
"It has been decided to permit stock exchanges to set their trading hours in the equity derivatives segment between 9:00 am and 11:55 pm," Sebi mentioned in a round.
This is very similar to the buying and selling hours for commodity derivatives section which are presently mounted between 10 am and 11:55 pm.
The permission is subject to stock exchanges and clearing firms have in place risk management gadget and infrastructure commensurate to the buying and selling hours.
In case, stock exchanges plan to extend the industry timings beyond the extant buying and selling hours, they would require prior approval from Sebi, in keeping with the round.
The bourses would also be required to put up a detailed proposal, including the framework for risk management, settlement process, tracking of positions, availability of manpower, gadget capacity and surveillance methods.
This will come into effect from October 1, the Securities and Exchange Board of India (Sebi) mentioned.
In December, the Sebi board had announced much-awaited integration of stocks and commodities buying and selling on a single change from October this year.
Currently, commodity derivatives are traded on separate exchanges, which come with MCX and NCDEX.
Sebi has already been regulating the commodities derivative market after the merger of erstwhile Forward Markets Commission (FMC) with it.
In his funds for 2017-18, Finance Minister Arun Jaitley had proposed that the commodities and securities derivative markets could be integrated further by means of integrating the contributors, agents and operational frameworks.
The transfer is part of Sebi's efforts to permit integration of stocks and commodities buying and selling on a single change.
"It has been decided to permit stock exchanges to set their trading hours in the equity derivatives segment between 9:00 am and 11:55 pm," Sebi mentioned in a round.
This is very similar to the buying and selling hours for commodity derivatives section which are presently mounted between 10 am and 11:55 pm.
The permission is subject to stock exchanges and clearing firms have in place risk management gadget and infrastructure commensurate to the buying and selling hours.
In case, stock exchanges plan to extend the industry timings beyond the extant buying and selling hours, they would require prior approval from Sebi, in keeping with the round.
The bourses would also be required to put up a detailed proposal, including the framework for risk management, settlement process, tracking of positions, availability of manpower, gadget capacity and surveillance methods.
This will come into effect from October 1, the Securities and Exchange Board of India (Sebi) mentioned.
In December, the Sebi board had announced much-awaited integration of stocks and commodities buying and selling on a single change from October this year.
Currently, commodity derivatives are traded on separate exchanges, which come with MCX and NCDEX.
Sebi has already been regulating the commodities derivative market after the merger of erstwhile Forward Markets Commission (FMC) with it.
In his funds for 2017-18, Finance Minister Arun Jaitley had proposed that the commodities and securities derivative markets could be integrated further by means of integrating the contributors, agents and operational frameworks.
Sebi allows bourses to extend trading time for equity derivatives till 11.55 pm
![Sebi allows bourses to extend trading time for equity derivatives till 11.55 pm]()
Reviewed by Kailash
on
May 04, 2018
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