{"id":23693,"date":"2022-02-14T21:22:04","date_gmt":"2022-02-14T15:52:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-sebi-egr-trading\/"},"modified":"2022-02-14T22:58:39","modified_gmt":"2022-02-14T17:28:39","slug":"biz-sebi-egr-trading","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sebi-egr-trading\/","title":{"rendered":"Sebi comes out with trading features of electronic gold receipts"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4149184456\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 14 (PTI) Capital markets regulator Sebi on Monday came out with trading features pertaining to electronic gold receipts (EGR) on stock exchange platforms.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3137726292\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Under the guidelines, trading in EGR segment will be permitted from Monday to Friday and stock exchanges can set their trading hours within the time limit of 9 am to 11.30 pm \/11:55 pm, Sebi said in a circular.<\/p>\n<p> With a view to specifying the details of\u00a0various aspects of the trading of EGR on the stock exchange, Sebi has issued guidelines on trade timings, transaction charges by stock exchanges,\u00a0call auction in pre-open session, block and bulk deal, price bands, unique client code,\u00a0 investor protection fund and Investor service fund.<\/p>\n<p> In respect of transaction charges, Sebi said stock exchanges will have to ensure that transaction charges on the trades executed for EGR on their trading platform, must be equitable and in the interest of investors.<\/p><div class=\"trade-content_5\" id=\"trade-3223605626\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> With the view to ensuring orderly trading and protect market integrity, exchanges have been asked to implement a mechanism of price bands in the EGR segment to prevent acceptance of orders for execution that are placed beyond the price limit set by them.<\/p>\n<p> &#8220;The initial price limit for the price band shall be set at 10 per cent of the previous closing price.\u00a0 In the event of a market trend in either direction, the dynamic price bands shall be relaxed by the stock exchanges in increments of 5 per cent,&#8221; Sebi said.<\/p>\n<p> Considering EGR is a new security class, Sebi said it may take time to build\u00a0liquidity in this segment, it has been decided to allow one block deal window. The window will operate between 3:05 pm to 3:20 pm and the minimum order size for execution of trades will be Rs 10 crore.<\/p>\n<p> EGRs bought or sold representing 5 per cent of the market-wide limit will constitute bulk deal.<\/p>\n<p> Spelling out framework for call auction\u00a0in pre-open session, Sebi said the pre-open session will be for a duration of 15 minutes from 8:45 am to 9 am, out of which 8 minutes will be allowed for order entry, order modification and order cancellation, 4 minutes for order matching and trade\u00a0confirmation and the remaining 3 minutes will be the buffer period to facilitate\u00a0the transition from pre-open session to the normal market.<\/p>\n<p> The session will close randomly during last one minute of order entry &#8212; anytime between 7th and 8th minute of the order entry. Such random closure will be system driven.<\/p><div class=\"trade-content-10\" id=\"trade-3783178919\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> For transactions in EGR segment, it will be mandatory for the members to\u00a0have Unique Client Code (UCC) for all their clients transacting on the stock\u00a0exchanges, Sebi said.<\/p>\n<p> The exchanges will not allow execution of trades without uploading of the UCC details by the members of the bourse, it added. PTI SP  MR MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-3179246880\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 14 (PTI) Capital markets regulator Sebi on Monday came out with trading features pertaining to electronic gold receipts (EGR) on stock exchange platforms. Under the guidelines, trading in EGR segment will be permitted from Monday to Friday and stock exchanges can set their trading hours within the time limit of 9 am [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-23693","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sebi comes out with trading features of electronic gold receipts - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-sebi-egr-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi comes out with trading features of electronic gold receipts\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 14 (PTI) Capital markets regulator Sebi on Monday came out with trading features pertaining to electronic gold receipts (EGR) on stock exchange platforms. 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