The Securities and Exchange Board of India (SEBI) is examining the option of extending trading hours on the financial exchanges to align these with international markets -- a move that drew mixed response from market participants.
"It is important to align Indian markets as far as possible with those of the international markets to facilitate the assimilation of any economic information that may flow in from other global markets," the market regulator said in a discussion paper released today. It has asked for feedback from market players by April 10.
Trading hours for the equity cash market and exchange-traded derivatives market in India are from 9:55 am to 3:30 pm, shorter than those for currency futures and commodity futures. But some exchanges in other countries have much longer trading hours for the futures segment, sometimes extending even up to 23 hours, the SEBI discussion paper pointed out.
SEBI said an extension of trading hours could enable the domestic market to take advantage of movements in international markets, make markets more efficient and attract trading interest.
Source:-Business Standard(20-Mar-09)
For any query:- legalpoint@aol.in
"It is important to align Indian markets as far as possible with those of the international markets to facilitate the assimilation of any economic information that may flow in from other global markets," the market regulator said in a discussion paper released today. It has asked for feedback from market players by April 10.
Trading hours for the equity cash market and exchange-traded derivatives market in India are from 9:55 am to 3:30 pm, shorter than those for currency futures and commodity futures. But some exchanges in other countries have much longer trading hours for the futures segment, sometimes extending even up to 23 hours, the SEBI discussion paper pointed out.
SEBI said an extension of trading hours could enable the domestic market to take advantage of movements in international markets, make markets more efficient and attract trading interest.
Source:-Business Standard(20-Mar-09)
For any query:- legalpoint@aol.in
No comments:
Post a Comment