Sebi tweaks CAS framework, restores 30-minute VWAP for expiry settlements
SEBI is in focus.
· Economic Times Markets, ET Stocks
The Securities and Exchange Board of India has implemented an updated framework for closing auction sessions and derivatives settlement. Under the new guidelines, volume-weighted average prices will be used during the last half-hour of normal trading. Trading for stocks will now last until 3:30 pm, while closing auction sessions will continue until 3:40 pm.
Why it matters
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.