- 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.
- 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.
The introduction of the CAS mechanism to replace flawed volume weighted average price is linked to the revenue model of the BSE.
1 report, 1 independent
Updated Sep 1
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What happened
The introduction of the CAS mechanism to replace flawed volume weighted average price is linked to the revenue model of the BSE.