Sebi chief Tuhin Kanta Pandey says CAS here to stay, will study concerns over rollout
10 Articles
10 Articles
Closing auction session is here to stay, says Sebi chief amid concerns over low liquidity
Sebi chairman Tuhin Kanta Pandey said the market regulator would examine and address constraints in the mechanism, but ruled out abandoning it because some market participants want to trade options differently.
'CAS is definitely here to stay', aligns Indian equities with global benchmarks: SEBI Chairman
The Closing Auction Session (CAS) is "here to stay" as a core market reform, SEBI Chairman Tuhin Kanta Pandey stated on Monday, while confirming the regulator is open to making operational tweaks to refine the mechanism, if needed.
Sebi chief Tuhin Kanta Pandey says CAS here to stay, will study concerns over rollout
Sebi Chairman Tuhin Kanta Pandey says the closing auction session (CAS) is here to stay, even as the regulator reviews concerns over its implementation. Launched on August 3, CAS has triggered sharp moves in the final minutes of trading and raised concerns over legacy systems, order placement and derivative positions. While Sebi has found no evidence of manipulation, Bernstein expects near-term pressure on index-options volumes.
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