Sebi to Issue New Closing Auction Norms Soon, Says Chairman
Sebi chairman Tuhin Kanta Pandey announced that new guidelines for price settlement in the derivatives segment during the closing auction session will be issued in about a week. The Closing Auction Session (CAS), introduced on August 3 to replace the VWAP mechanism, faced issues like price swings and uncertainty on expiry days. Sebi is reviewing feedback from a consultation paper to address these concerns.
Mint Markets·


