SEBI reworking CAS expiry-day closing price methodology for derivatives, system faced liquidity issues initially: Chairman
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Mumbai, Sep 10 (IANS), SEBI (Securities and Exchange Board of India) Chairman Tuhin Kant Pandey said on Thursday that the market regulator is reviewing the existing method of fixing closing prices under the Closing Auction Session (CAS) on the expiry day of derivatives contracts and necessary changes are being worked out. He acknowledged that some challenges, especially related to liquidity, were faced in the initial phase of implementing the CA…
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SEBI reworking CAS expiry-day closing price methodology for derivatives, system faced liquidity issues initially: Chairman
Digital Desk | Mumbai, Sep 10 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Thursday that the market regulator is reworking the methodology for determining the closing prices under the recently launched closing auction session (CAS) for derivatives contracts on expiry days, while acknowledging that the rollout of CAS across jurisdictions faced initial challenges, particularly around liquidity. Speakin…
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