New Delhi, Dec 3 (KNN) Securities and Exchange Board of India (SEBI), the market regulator, allowed exchanges to extend the trading hours for the commodity derivatives segment to increase participation, according to a circular issued.

The commodity markets can open at 9 a.m. local time from the current time of 10 a.m, as per the circular.

Trading of agriculture products would go on till 9 p.m. while that of non-agri products would be till 11.55 p.m., said the circular.

Circular stated, "The provisions of this circular shall come into effect from 30 days from the date of this circular."

"The extension of the trade timing is subject to the Stock Exchange and its Clearing Corporation(s) putting in place adequate risk management system, surveillance system and infrastructure commensurate with the increased trading hours," the circular quoted.