In a landmark decision, SEBI on Friday announced that stock exchanges will now be able to trade in Equity Derivatives Segment between 9 am and 11:55 pm.
This step was taken with a view to enable integration of trading of various segments of securities market at the level of exchanges
Exchanges willing to extend trade timings shall seek prior approval from SEBI and submit framework for risk management, settlement process with SEBI.
The provisions of this circular shall be applicable from October 01 this year.
SEBI took this decision in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992.
Experts and stakeholders hailed SEBI's move, saying that investors will benefit from it. Here's what they had to say:
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