MUMBAI: Sebi chief Madhabi Puri Buch has cautioned brokers against extending buying and selling hours for the derivatives section with out contemplating the restrict to which the know-how is ready to stand up to the load of giant transaction volumes.
The Sebi chief was responding to queries over NSE’s September 2023 proposal to increase buying and selling hours within the fairness derivatives section by a number of hours within the night to align with world markets.
“This (extended trading hours) is an important issue from a resilience of technology point of view, which constantly needs maintenance upgrade and functionality addition. That is certainly an additional question,” mentioned Puri Buch. She mentioned that whereas common buying and selling within the commodity derivatives section is open until late within the night, the volumes there are a lot decrease than these yn the fairness derivatives section.
The inventory broking neighborhood is split over the difficulty of extending buying and selling hours past the present window of 9.15am to three.30pm on weekdays. Brokers are presently discussing the difficulty, Sebi chief mentioned.
“It’s a divided house and we have not yet reached the stage of getting views from investors,” mentioned Puri Buch. If the brokers agree to increase buying and selling hours for this section, the regulator will then seek the advice of with market infrastructure establishments (like all inventory exchanges, clearing firms, depositories) after which the buyers to reach at a last resolution on the difficulty. Sebi chief was talking on the presentation by the Brokers’ Industry Standards Forum.
The Sebi chief was responding to queries over NSE’s September 2023 proposal to increase buying and selling hours within the fairness derivatives section by a number of hours within the night to align with world markets.
“This (extended trading hours) is an important issue from a resilience of technology point of view, which constantly needs maintenance upgrade and functionality addition. That is certainly an additional question,” mentioned Puri Buch. She mentioned that whereas common buying and selling within the commodity derivatives section is open until late within the night, the volumes there are a lot decrease than these yn the fairness derivatives section.
The inventory broking neighborhood is split over the difficulty of extending buying and selling hours past the present window of 9.15am to three.30pm on weekdays. Brokers are presently discussing the difficulty, Sebi chief mentioned.
“It’s a divided house and we have not yet reached the stage of getting views from investors,” mentioned Puri Buch. If the brokers agree to increase buying and selling hours for this section, the regulator will then seek the advice of with market infrastructure establishments (like all inventory exchanges, clearing firms, depositories) after which the buyers to reach at a last resolution on the difficulty. Sebi chief was talking on the presentation by the Brokers’ Industry Standards Forum.
