Stock exchanges in IFSCs may permit trading in equity derivatives: SEBI

The Securities and alternate Board of India (Sebi) on Thursday stated stock exchanges running in global financial services centres (IFSCs) may allow dealing in fairness derivatives.

"in line with the recommendations of the risk administration review Committee of SEBI, it has been decided to specify derivatives on equity shares of an organization integrated in India as permissible safety," the market regulator's round mentioned.

"...the known inventory exchanges operating in IFSCs may allow dealing in derivatives on fairness shares, topic to prior approval of Sebi," it brought.

in line with the round, the Market large position restrict (MWPL) for "derivatives on fairness shares" will probably be equal to 10 per cent of the collection of shares held through non-promoters within the related underlying safety (free-go with the flow conserving).

further, the MWPL for "derivatives on equity shares" in regarded inventory exchanges in IFSCs could be reckoned one by one from that in recognised inventory exchanges in domestic market, the round said.

"Sebi's round to allow trading in fairness derivatives of an organization included in India with the aid of stock exchanges working in IFSCs is a welcome move and will permit the IFSCs to maneuver in advance at a fair sooner percent," said Ajay Pandey, MD and workforce CEO, reward metropolis.

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