Trading hours for commodity derivatives segment
Summary
SEBI has extended the trading hours for commodity derivatives segments to deepen markets and enhance stakeholder participation. The revised timings distinguish between non-agricultural commodities, which trade until late night, and agricultural commodities, which have earlier cutoffs. Exchanges must ensure adequate risk management infrastructure before implementing these extended hours.
Text
it has been decided to extend the trade time within which recognized stock exchanges can set their trading hours for their commodity derivatives segment.
Non-Agricultural Commodities: Start 09:00 AM, End 11:30 PM (Standard) / 11:55 PM (US Daylight Savings)
Agricultural and Agri-processed Commodities: Start 09:00 AM, End 09:00 PM
The extension of the trade timing is subject to the Stock Exchange and its Clearing Corporation(s) putting in place adequate risk management system, surveillance system and infrastructure commensurate with the increased trading hours.
Thus, para 4 of the circular dated August 30, 2016 stands modified accordingly.
The provisions of this circular shall come into effect from 30 days from the date of this circular.
This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
to make necessary amendments to the relevant bye-laws, rules and regulations.
bring the provisions of this circular to the notice of the stock brokers of the Exchange and also to disseminate the same on their website.
communicate to SEBI, the status of the implementation of the provisions of this circular.
Source: SecMarx — Trading hours for commodity derivatives segment. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.