IIBX extended the Trading Session timings for all the T+0 contracts and revised timings for Funds Settlements

May 17, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe International Bullion Exchange (IIBX) on May 15, 2024, issued a notification regarding the Extension of Trading Session timings for all the T+0 contracts and revised timings for Funds Settlements.

The following has been stated namely: -

• The current Trading Session for all the T+0 Gold and Silver contracts traded at IIBX are from 09:00 Hrs. to 17:30 Hrs. Indian Standard Time (IST). The BDR Settlements for these T+0 contracts are initiated every 30 Minutes and the Funds Settlements are done three times during the day. The table with timings have been stated in the notification.

• The Trading Session Timings for all the T+0 Gold and Silver contracts traded at the Exchange shall be extended by one hour, i.e., from 09:00 Hrs. to 18:30 Hrs. With effect from May 24, 2024. 

• List of all the T+0 Gold and Silver contracts traded on IIBX, as of date, is enclosed as Annexure I.

[Notification No. 20240515-2]


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