Increase in trading hours attract mixed response

SEBI approval to increase the trading hours in market attracted mixed response. The 2.30 hour increase in trading time will result in increase participation from the part of traders. But lot more to be done to make the change become possible. The clearing houses and bank should increase working hours to cope up with the change. Financial services firms have to declare increased working hours which would result in additional expense for companies in terms of manpower and other infrastructure facilities.
In the long term the normal working hours in the financial services firms including banks and insurance companies would be 12 hours. Broking firms should open earlier by at least one hour to make the earling trading possible.There were problems regarding not receiving files from exchanges which had resulted in panic. If the time extends the magnitude of this problem would also increase. It will take considerable time for the smooth working of extended trading hours.