Sebi allows equity bourses to extend derivative trade till 11.55 pm

NEW DELHI: Markets regulator Securities and Exchange Board of India (Sebi) on Friday allowed domestic stock exchanges to extend timing for equity derivatives trading till 11.55 pm with effect from October 1, 2018.

The move is seen as a bid to integrate various segments of securities markets at the exchanges level, the markets watchdog said.

In case stock exchanges are desirous of extending trade timings beyond the extant trading hours, prior approval from Sebi shall be sought along with a detailed proposal, including the framework for risk management, settlement process, monitoring of positions, availability of manpower, system capability and surveillance systems, Sebi said.


Earlier in December, the regulator had announced integration of stocks and commodities trading on a single exchange from October, a move that paved the way for stock exchanges such as BSE and NSE, to launch their own commodity trading platforms.

With Friday's move, Sebi opened up the doors for equity derivatives segment to operate from 9:00 am to 11:55 pm on the lines commodity derivatives trading, which happens between 10 am and 11:55 pm.