Signage for the Bombay Stock Exchange (BSE) is Displayed Next to a Bronze Bull Statue at the Entrance to the BSE Building in Mumbai (Photographer: Dhiraj Singh/Bloomberg)

BSE Ready For Extended Trade In Equity Derivatives, Says Chief Ashishkumar Chauhan

The BSE Ltd. is prepared to extend trading hours for equity derivatives with after the market regulator allowed exchanges to do so.

The BSE-promoted India International Exchange at the GIFT City already works 22 hours a day compared to the 15-hour trading day SEBI has allowed, said the bourse’s chief executive officer AshishKumar Chauhan told BloombergQuint in an interview. The bourse has applied to the market regulator for trading in non-agri commodities, such as base metals, from Oct. 1, he added.

Besides, commodity exchanges in India have been running till 11:55 pm for the last 15 years and they too “seem to have no problem at all”, Chauhan added.

The Securities and Exchange Board of India has allowed stock exchanges to extend trading in equity derivatives between 9:00 a.m. and 11:55 p.m from Oct. 1 to bring the timings in line with commodity markets.

The move will bring Indian markets in line with international markets and provide additional choices and services for Indian investors, the BSE chief said. “Foreign investors can trade in Indian products when Indian news breaks and Indian investors are deprived of that,” he explained.

BSE has applied for non agro commodity for sebi to allow it to trade from Pct 1. in alks with GGiFt city

Chauhan welcomed the move saying that it is aimed at bringing Indian markets at par with International bourses. Since news flow occurs throughout the day, it would be beneficial for investors to invest and trade as per the happenings of the day, he added.

Watch the full conversation here: