The National Stock Exchange (NSE) has sent a proposal to the Securities and Exchange Board of India (SEBI) to have an evening session to trade in index futures and options, an NSE official told Reuters.
“For smooth settlement of trades, both the NSE and BSE (Bombay Stock Exchange) and their respective clearing corporations need their systems to be prepared to handle extended trading hours,” one source said. The sources declined to be named as they are not authorised to speak to the media.
SEBI is assessing whether the settlement of trades will be smooth if trading hours for derivatives are extended, this person said.
The regulator is also questioning whether extended hours will fuel already high derivative trading volumes, this person said.
SEBI and BSE did not immediately to a Reuters email seeking comment.
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