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Brokerages introduce features to enhance responsible derivatives trading practices
Broking firms Groww and Samco Securities have launched innovative features to encourage responsible derivatives trading among retail investors, complemented by educational initiatives to boost financial literacy. In response, markets regulator Sebi has tightened equity derivatives trading norms, limiting weekly options contracts to one per exchange and increasing the minimum trading amount to Rs 15-20 lakh. Additional measures include enhanced monitoring of position limits, upfront collection of option premiums, and increased tail risk coverage.
NSE announces new expiry day for index derivatives contracts starting January 1
The NSE has announced a revision to the expiry day for index derivatives contracts, effective January 1. However, there will be no changes to the expiry day for NIFTY monthly, weekly, quarterly, and half-yearly contracts.
new stock exchange to offer 23 hour trading starting in 2025
A new stock exchange, 24X National Exchange, is set to launch in the second half of 2025, offering nearly round-the-clock trading on weekdays, pending regulatory approvals. Trading will initially run from 4:00 a.m. to 7:00 p.m. ET, with potential expansion to 8:00 p.m. ET on Sundays through Fridays. The exchange aims to meet the growing demand for overnight liquidity in U.S. equities, particularly in the Asia Pacific region, addressing risks traders face when markets are closed.
bitcoin approaches 100000 with nearly 40 percent gain in november
Bitcoin is poised for a nearly 40% gain in November, nearing the $100,000 mark, following Donald Trump's election victory, which has reinvigorated the cryptocurrency market. The month is set to be Bitcoin's best since February, driven by strong ETF inflows and bullish investor sentiment.As Trump’s presidency is expected to legitimize the crypto industry, factors like reduced supply from the recent halving and increasing institutional demand are anticipated to propel Bitcoin's price further, with bulls predicting it could reach $100,000 by the end of 2024.
Thai stock exchange adopts AI to enhance oversight and combat fraud
Thailand’s stock exchange is set to implement artificial intelligence tools to enhance the oversight of listed companies amid increasing corporate fraud. The initiative aims to swiftly identify irregular share price movements and trading activities, thereby restoring investor confidence that has been undermined by late warnings and delayed enforcement.
bitcoin rallies as crypto advocates target us regulatory positions
Bitcoin is on the rise, approaching $100,000, fueled by optimism that crypto-friendly candidates will lead US financial regulatory bodies under Donald Trump. The digital asset peaked at $97,361 before settling at $96,400, as support for these candidates boosts market sentiment.
Donald Trump Jr. joins Unusual Machines advisory board shares surge over 90 percent
Shares of Unusual Machines surged over 90% after Donald Trump Jr. joined its advisory board, with the CEO highlighting the need for U.S. drone manufacturing. The company, which recently reported a net loss of $4.86 million, aims to reduce reliance on Chinese drone products. Heavy trading activity followed the announcement, with shares rising from $5.36 to over $8. In a recent regulatory filing, Unusual Machines disclosed changes in its accounting firm and issues with prior financial statements, necessitating a re-audit.
altcoins struggle to keep up as bitcoin hits record high
Bitcoin has reached an all-time high just under $100,000, driven by a surge in interest following Donald Trump's election victory and the resignation of SEC Chair Gary Gensler, signaling a potentially more favorable regulatory climate. Despite this rally, altcoins struggle to keep pace, with lingering concerns from the 2021 crypto bubble affecting the broader market.
pan 2.0 project aims to modernize tax identification and filing processes
The Cabinet Committee on Economic Affairs has approved the PAN 2.0 project, aimed at modernizing the issuance and management of Permanent Account Numbers (PAN) and Tax Deduction and Collection Account Numbers (TAN). Managed by the Income Tax Department, this enhanced system will simplify tax filing, improve security, and increase accessibility, featuring advanced tools for efficient financial transactions.
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