The National Stock Exchange (NSE) has extended the market trading hours for interest rate derivatives to 5 pm, effective Thursday, February 23, the stock exchange said in a notice on Tuesday. Currently, the trading window is of six hours and 30 minutes which starts at 9 am in morning and ends at 3:30 pm. The move aims at converge the trading window of interest rate derivatives with underlying market timings, the NSE circular said.
The National Stock Exchange (NSE) has extended the market trading hours for interest rate derivatives to 5 pm, effective Thursday, February 23, the stock exchange said in a notice on Tuesday. Currently, the trading window is of six hours and 30 minutes which starts at 9 am in morning and ends at 3:30 pm. The move aims at converge the trading window of interest rate derivatives with underlying market timings, the NSE circular said.
“There will be no change in trading hours for other interest rate derivative contracts. All existing expiry contracts with expiry day beyond 23 February 2023, and all new expiration contracts introduced thereafter will be available for trading till 5 pm on expiry day,” as per the NSE statement.
“There will be no change in trading hours for other interest rate derivative contracts. All existing expiry contracts with expiry day beyond 23 February 2023, and all new expiration contracts introduced thereafter will be available for trading till 5 pm on expiry day,” as per the NSE statement.
Further, there shall be no change in final settlement price computation mechanism. It will be calculated based on last 2 hours of VWAP of NDS OM trades subject to minimum of 5 trades, the circular added.
Further, there shall be no change in final settlement price computation mechanism. It will be calculated based on last 2 hours of VWAP of NDS OM trades subject to minimum of 5 trades, the circular added.
“In today’s world, economies are highly connected and the integration of the global markets is gradually increasing. The Indian stock market reacts to the developments in other major economies and markets in the US and Europe. Therefore, markets which have longer trading hours can hedge the risk arising due to the global information flow in a more efficient way. Therefore, any move by NSE to increase the trading time for the equity segment will help the market participants and retail investors,” said A Balakrishnan, Executive Director at Geojit Financial Services on extension of stock market trading hours.
“In today’s world, economies are highly connected and the integration of the global markets is gradually increasing. The Indian stock market reacts to the developments in other major economies and markets in the US and Europe. Therefore, markets which have longer trading hours can hedge the risk arising due to the global information flow in a more efficient way. Therefore, any move by NSE to increase the trading time for the equity segment will help the market participants and retail investors,” said A Balakrishnan, Executive Director at Geojit Financial Services on extension of stock market trading hours.
