NSE proposal to extend trading hours in index options & futures only, not cash equity: Sriram Krishnan
Sriram Krishnan, Chief Business Development Officer, NSE, says “we have taken a bit of time to have these discussions because we wanted to cover all types of stakeholders, not just the domestic ones, but even the foreign portfolio investors. After a lot of discussions they have come up with this suggestion that we should not touch the cash equity segment, but it would be the right thing to do if we were to extend the trading hours for the equity derivative segment. So, for a start, we are looking at a session from 6 pm to 9 pm India time where we will offer index options and futures.”
What is the National Stock Exchange plans for extending trading hours for equity derivatives? We submitted a proposal a couple of weeks back, I do not remember the exact date but very much in this month.
The idea is to extend the trading hours in a gradual manner. This is based on the feedback we received from the various stakeholder consultations we held over the last nine months.
We have taken a bit of time to have these discussions because we wanted to cover all types of stakeholders, not just the domestic ones, but even the foreign portfolio investors.
After a lot of discussions they have come up with this suggestion that we should not touch the cash equity segment, but it would be the right thing to do if we were to extend the trading hours for the equity derivative segment. So, for a start, we are looking at a session from 6 pm to 9 pm India time where we will offer index options and futures that is the proposal for which we have requested for approval.
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