Thursday, 6 July 2017

MSEI defers plans to extend trading hours

The country's markets regulator is open to the idea of the Metropolitan Stock Exchange of India (MSEI) extending its trading hours but wants a proper structure in place and has asked the exchange to first comply with clearing corporation norms.

The regulator told MSEI that in 2009, it had allowed extended hours for equity cash and equity derivatives. MSEI, however, is only allowed in the cash segment. It has now laid conditions before MSEI for extending its trading hours including thoroughly checking the IT, trading and risk management structures.

According to SEBI's calculations, the liquid net worth of MSEI's clearing corporation is not in compliance with Stock Exchanges and Clearing Corporations (SECC) norms.

The MSEI, earlier known as MCX-SX, was set up by Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) and it commenced operations in the currency derivatives segment in October 2008

For More Share Market News & Updates Just Visit - http://asianresearchhouse.com/free-trial.php or Give Miss call @9039000250

No comments:

Post a Comment