FYERS

[Tejas Khoday]

Missed my post

Need more time to reply to this as some operations team members are off for a few days. Will investigate the details and get back to you. I hope you don't mind the delay.

 

[Riskyman]

Our support team tried to call you on your number but there they were not able to get through. The position has been squared off. This is FYI.

 

[neo.mx]

Need more time to reply to this as some operations team members are off for a few days. Will investigate the details and get back to you. I hope you don't mind the delay.

No problem.

 

[Maddy007]

...

 

[bull375]

Are our Indian markets the only ones that are open on 1st Jan? Why are NSE, BSE and MCX not giving holiday on 1st Jan every year as all the world wide markets are closed?

 

[Tejas Khoday]

Are our Indian markets the only ones that are open on 1st Jan? Why are NSE, BSE and MCX not giving holiday on 1st Jan every year as all the world wide markets are closed?

We have way too many trading holidays anyway. Glad that Jan 1st was a working day. Here's a list of trading holidays for other exchanges around the world just to give a perspective.

1. Japanese markets are closed for 18 days (Tokyo Stock Exchange).
2. Hong Kong markets are closed for 15 days (Hong Kong Stock Exchange).
3. Chinese markets are closed for 15 days (Shanghai Stock Exchange).
4. The US markets have 9 trading holidays in a year (New York Stock Exchange).
5. The UK markets are closed only for 9 days (London Stock Exchange).
6. The Netherlands has only 6 trading holidays (Amsterdam Stock Exchange).

Whereas in India we have 19 trading holidays (Luckily 3 of them occur on weekends) so effectively it is 15 on weekdays!

 

[Tejas Khoday]

News Update: https://www.livemint.com/Money/RfzI...extremist-speculators-with-new-derivativ.html

SEBI wants to make physical settlement of stock derivatives compulsory for all scrips that have F&O. Apparently, that will help stock lending & borrowing segment grow and become mature. The problem is that the SLB mechanism is not user-friendly and has fat documentation processes which are a major hindrance for its seamless implementation. What do you think of this move? You can vote here -

https://twitter.com/i/web/status/1080369701618941953

 

[Tejas Khoday]

Today is officially the most inactive day on our thread . I guess everyone is on a vacation! Bad luck that I didn't take off.

 

[Top_Massage]

News Update: https://www.livemint.com/Money/RfzI...extremist-speculators-with-new-derivativ.html

SEBI wants to make physical settlement of stock derivatives compulsory for all scrips that have F&O. Apparently, that will help stock lending & borrowing segment grow and become mature. The problem is that the SLB mechanism is not user-friendly and has fat documentation processes which are a major hindrance for its seamless implementation. What do you think of this move? You can vote here -

https://twitter.com/i/web/status/1080369701618941953

I would say SEBI's main motive is to deal with over-enthusiastic & capricious speculators flocking around India's derivative segment. On the look of it, their intention is fine (and perhaps healthy for our markets) but the problem arises due to same old archaic issue i.e. lack of strong and smooth SLB support and infrastructure system.

I am not sure if this move will really reduce the number of speculators from equity derivative segment to a great extent but yes, this seems to be the beginning of some sort. Thanks!

 

[Top_Massage]

Today is officially the most inactive day on our thread . I guess everyone is on a vacation! Bad luck that I didn't take off.

Haha .... Well, usually, readers are more in number than message posters.