NSE Extends Trading Hours for Interest Rate Derivatives

The National Stock Exchange (NSE) has extended the trading hours for interest rate derivatives till 5 pm. According to this new time, the business will start on February 23 itself.

Currently, the trading hours here are from 9 am to 3:30 pm for these contracts. In this regard, NSE has said in a circular that this time has been changed so that it can be matched with the underlying market time.

According to the NSE circular, ‘Interest rate derivatives contracts with February expiry will now be available for trading from February 23 till 5 pm. The circular also states that apart from this, trading hours have not been extended for any other interest rate derivative contract.

Post the timing change, all existing contracts expiring after February 23, 2023 and all new contracts introduced thereafter will also be available for trading till 5 PM on the day of expiry.

Apart from this, there has been no change in the calculation method of the final settlement price. It will be calculated based on the Volume Weighted Average Price (VWAP) of the last two hours or VWAP of NDS OM trades, for which a minimum of 5 trades will be required.

(The IBC NewsTV team may have changed just the report’s headline and cover image; the remaining text was created automatically from a syndicated feed.)

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