Friday, October 23, 2009

Sebi allows extension of trading hours

Market regulator Sebi has allowed stock exchanges to extend their trading time from 9 am to 5 pm. It is now up to the exchanges to put in to place the necessary infrastructure before going for the extended trading hours.

In a statement released on Friday, the market regulator said, “In consultation with the stock exchanges and other market participants, it has been decided to permit the stock exchanges to set their trading hours (in the cash and derivatives segments) subject to the condition that the trading hours are between 9 am and 5 pm and the exchange has in place risk management system and infrastructure commensurate to the trading hours.

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