Subject: Objection to Removal of Weekly Expiry – Request for Reconsideration

To,
The Securities and Exchange Board of India (SEBI)

Respected Sir/Madam,

I am writing to express my strong concern regarding SEBI’s recent proposal to remove weekly expiries in equity derivatives.

Weekly expiry has become an integral part of India’s capital markets because:

It provides liquidity and participation from retail and institutional traders.
It has significantly contributed to higher trading volumes, which supports brokers, exchanges, and overall market depth.
Weekly contracts offer hedging opportunities for short-term risks, helping both traders and investors manage volatility more efficiently.
Removal of weekly expiry will likely reduce retail participation, impact liquidity, and hurt the growth of India’s derivatives market.
While I understand SEBI’s intent to reduce speculation, the complete removal of weekly expiry could have unintended negative consequences for the capital market ecosystem, including loss of revenue for exchanges, brokers, and reduced choice for genuine hedgers.

Therefore, I respectfully request SEBI to reconsider this proposal.
Instead of a blanket removal, possible alternatives could be:

Restrict weekly expiry only to index derivatives (Nifty/Bank Nifty) while limiting single-stock weekly expiries.
Introduce safeguards such as higher margins or position limits instead of complete removal.
Gradual implementation with industry consultation and pilot studies to assess real impact.
SEBI has always protected the interests of investors and traders while balancing market stability. I sincerely hope the Board will consider the broader implications of this decision and explore alternative solutions that preserve liquidity and participation without compromising stability.

Thank you for your attention.

Yours sincerely,
Kundan Trader
Patna, Bihar
Trader/Investor