- SEBI is the market regulator in India.
- SEBI introduced a new CAS framework regulating the Indian stock market.
- The implementation of the new Closing Auction System (CAS) is currently affecting stock price discovery for companies including Trent, Bajaj Finance, and Mahindra & Mahindra.
- The implementation of the Closing Auction System (CAS) in India is affecting index-options activity and improving closing price discovery.
CAS reviews hyperactivity in expiring index options and proposes blended VWAP using both CTS and CAS.
1 report, 1 independent
Updated Sep 13
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What happened
CAS reviews hyperactivity in expiring index options and proposes blended VWAP using both CTS and CAS.
Who's involved
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Part of
The implementation of the Closing Auction System (CAS) in India is affecting index-options activity and improving closing price discovery.Also in this story
- India changed its closing price determination method, involving the Closing Auction System (CAS).
- The implementation of the CAS mechanism in India led to sharp swings in Nifty 50 and BSE Sensex, coupled with liquidity issues in the SLB system.
- HDFC Securities noted market changes post-CAS, confirming the successful settlement of the CAS mechanism and its impact on derivatives turnover.