Sebi extends trading hours for equity derivatives mkt till 11.55 pm from Oct 1

Source: The Hitavada      Date: 05 May 2018 09:55:22



MARKETS regulator Sebi on Friday allowed exchanges to extend the trading time in equity derivatives contracts by more than eight hours till almost midnight from October 1.“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 said in a circular. Currently, trading is allowed from 9.15 am till 3.30 pm.

The extended timing is similar to the trading hours for commodity derivatives segment which are presently fixed between 10 am and 11.55 pm.The move is part of Sebi’s efforts to enable integration of stocks and commodities trading on a single exchange. The extended timing has been a long pending demand of the exchanges and has been welcomed by bourses saying the move will bring Indian market in line with international market and increase the depth of the Indian capital markets.

According to Sebi, the permission is subject to stock exchanges and clearing corporations have in place risk management system and infrastructure commensurate to the trading hours. In case, exchanges plan to extend trade timings beyond the extant trading hours, they would require prior approval from Sebi.