MSEI temporarily puts off extension of trading hours

A mock-test to be conducted with brokers first before taking any decision on the matter

The Metropolitan Stock Exchange of India (MSEI) has put on hold its plan to extend trading hours, pending regulatory approval. However, the exchange, which has negligible volumes in the equities segment, hasn’t given up the plan. Abhijit Chakraborty, chief operating officer, MSEI, told Bloomberg they would conduct a mock test with brokers first, before extending the timing to 5 pm, which could happen “very soon”.

Following MSEI’s proposal, both the National Stock Exchange (NSE) and the BSE deliberated an extension of trading hours. However, they didn’t get a favourable broking community. Many brokers believe the increase in costs could outweigh