Trading Hours on Stock Exchanges
Summary
The circular permits stock exchanges to trade commodity derivatives alongside other securities market segments starting October 1, 2018. It allows exchanges to set equity derivatives trading hours between 9:00 AM and 11:55 PM, subject to adequate risk management infrastructure. Any extension beyond these hours requires prior SEBI approval with a detailed proposal.
Text
Stock Exchanges have been permitted to trade commodity derivatives along with other segments of securities market effective from October 01, 2018.
permit Stock Exchanges to set their trading hours in the Equity Derivatives Segment between 9:00 AM and 11:55 PM... provided that the Stock Exchange and its Clearing Corporation(s) have in place risk management system and infrastructure commensurate to the trading hours.
In case, stock exchanges are desirous of extending the 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, surveillance systems, etc.
The provisions of this Circular shall be applicable from October 01, 2018.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956...
Source: SecMarx — Trading Hours on Stock Exchanges. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.