The National Stock Exchange may soon open trading in futures and options at 8 am. CNBC-TV18’s Vivek Law reports that the market regulator Securities Exchange Board of India (Sebi) may give the go-ahead to NSE though it is still studying market feedback.
Sebi is, in principle, not averse to giving the nod to futures and options (F&O) trades in NSE’s Nifty from 8 am, say sources. The NSE has already applied to Sebi to be allowed to open the F&O trade at 8 am. The move is aimed to counter SGX Nifty that opens at 8 am. The market regulator is concerned over export of domestic futures market overseas via SGX Nifty. SGX Nifty has 40%–45% OI volumes of the domestic Nifty futures trades — it had reached almost 80% at the peak, it subsided after participatory notes were banned.
Sources added that Sebi is studying market feedback before it arrives at a final decision. There would be no change in the underlying cash market timing due the delivery issue and due to infrastructure concerns on settlement (Source : CNBC TV18)
Rupesh Yatesh Dalal
MARKETCALLS
Sebi is, in principle, not averse to giving the nod to futures and options (F&O) trades in NSE’s Nifty from 8 am, say sources. The NSE has already applied to Sebi to be allowed to open the F&O trade at 8 am. The move is aimed to counter SGX Nifty that opens at 8 am. The market regulator is concerned over export of domestic futures market overseas via SGX Nifty. SGX Nifty has 40%–45% OI volumes of the domestic Nifty futures trades — it had reached almost 80% at the peak, it subsided after participatory notes were banned.
Sources added that Sebi is studying market feedback before it arrives at a final decision. There would be no change in the underlying cash market timing due the delivery issue and due to infrastructure concerns on settlement (Source : CNBC TV18)
Rupesh Yatesh Dalal
MARKETCALLS
