Economy & Policy◆ Mixed
Sebi's CAS rule change bigger positive for brokers vs exchanges: Jefferies
SEBI is in focus.
· Business Standard Mkts
Jefferies said the decision to use the volume-weighted average price (VWAP) to calculate settlement prices of derivatives contracts on expiry days is a bigger positive for brokers than for exchanges.
Why it matters
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.