“Extending trading hours by one or two will not help


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Canada Goose online An exchange will not survive canada goose uk size guide without the survival of its brokers,” Chauhan said.There was an urgent need to increase trading hours, he argued, so that Indian market participants can take advantage of developments after closing hours.”Why are Indian participants deprived of the benefits of corporate or regulatory developments when the same is allowed for foreign traders at exchanges abroad? By the time they wake up, the entire benefit is taken up by investors at foreign exchanges,” Chauhan said.”Extending trading hours by one or two will not help,” National Stock Exchange Managing Director and CEO Vikram Limaye said.”If we are talking about integration of equity with commodity brokers, anyway the system is functioning till 11:30 pm. Extending timings similar to that of commodity markets would certainly help,” Limaye felt.ANMI further requested the government to streamline GST requirements for market intermediaries.The GST rates have created ‘a tremendous burden on the financials of intermediaries,’ ANMI said.’Market intermediaries like a sub broker should be exempted from the registration under GST as they do not raise any invoice on the clients and/or total obligation from clients including GST, which is paid by the broker,’ ANMI pointed out.ANMI asked the Centre to provide ‘industry status’ for the broking business.’The stock broking community is the backbone of the capital market of the country. The number of people employed in the business across the country runs in millions,’ ANMI said.. Canada Goose online

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