<ul><li>Regulatory intervention is needed when competition between stock exchanges disrupts market operations and inconveniences investors.</li><li>Flexibility should be given to market infrastructure institutions for designing derivative contracts to allow product innovation.</li><li>SEBI proposes that exchanges choose either Tuesday or Thursday as the settlement day for all equity derivative contracts to end uncertainty for traders and investors.</li><li>Stock exchanges should have the flexibility to innovate in product design, based on market demands, while ensuring that regulations are not overly stringent.</li></ul>

Editorial. Ad-hoc change in derivative expiry days undesirable

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