Sebi Chief: Initial Liquidity Issues with CAS Seen Across Global Markets

SEBI proposes changes to derivatives settlement, closing auction timings; seeks public comments

SEBI’s consultation paper proposes methods for determining settlement prices and adjusting market timings to address participant concerns and improve operational efficiency in the derivatives market

Sebi proposes new CAS framework, two options for expiry-day settlement

The Securities and Exchange Board of India (SEBI) is set to implement crucial updates to the Closing Auction Session. A focus of these changes is on the process of derivatives settlement on expiry days. SEBI has laid out two alternatives for determining the derivatives settlement price: the first proposes a blended VWAP approach after one year, while the second keeps the current CTS VWAP process in place for the present.

SEBI to issue consultation paper on derivatives settlement price methodology on Saturday

The Securities and Exchange Board of India will issue a consultation paper to refine settlement price methodology for derivative contracts. Following the Closing Auction Session’s impact, SEBI seeks to improve market practices.

Sebi Chief: Initial Liquidity Issues with CAS Seen Across Global Markets

Sebi chairman Tuhin Kanta Pandey acknowledged that all global jurisdictions experienced lower liquidity during the initial implementation phases of the closing auction session (CAS), a stock price determination framework introduced in India on August 3.

SEBI Proposes Seven Key Changes To Closing Auction Session, Derivatives Settlement And Timings

The regulator has proposed doing away with the indicative index value currently shown during the CAS, which is based on the indicative equilibrium price (IEP).

India Regulator Proposes Changes to Closing Auction After Swings

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