Economy
SEBI to partly reverse derivative settlement rules following feedback
The Hindu1h
THE BRIEF
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SEBI is reportedly likely to stop using closing auctions to calculate derivatives settlement prices for at least a year in a partial reversal of new market mechanisms.
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The regulator received 20,000 suggestions regarding its consultation paper issued last month after the closing auction session caused sharp swings on expiry days.
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The volume-weighted average price of the last 30 minutes of trading will instead be used for derivative pricing, with changes expected by the end of October.