* DISCUSSION PAPER
INCREASE IN MARKET HOURS OF TRADING IN EXCHANGES * 1. *Background * With the increased integration of the global markets, information originating from different countries has a bearing on Indian securities market. While the Asian markets are ahead of Indian time zone, the European and American markets extend much beyond the Indian market timings. Some of the Exchanges in these countries have adopted longer trading hours, sometimes even extending up to 23 hours. This has facilitated market participants in these countries to hedge their risk that might arise due to global information flow. Extending the trade timings of the domestic exchanges may, therefore, enable the domestic market participants to take advantage of such global information flows. Additionally, Indian markets have been in the pursuit of matching the best international standards and practices, and the extension of market hours would, perhaps, be a further step in this direction. While the benefits of increasing market hours of trading in exchanges are evident, at the same time, issues with market wide implications such as those pertaining to risk management, collateral management, infrastructural constraints etc. as well as the perception of the market participants and stakeholders would also play an important role in determining optimum market timing. This discussion paper aims to elicit the response / views of the various stakeholders on the different aspects related to extending market hours of trading on exchanges. - Check the attachment *http://www.investmentMap.com <http://www.investmentmap.com/>* * * *www.IndiaPages.in <http://www.indiapages.in/>* * * *For Intra-day Traders - **StratStar.com <http://www.stratstar.com/>* --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
Trading.pdf
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