Economy
SEBI Proposes Changes to Closing Auction Session Settlement Prices
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THE BRIEF
1
The Securities and Exchange Board of India proposed modifications to determine settlement prices for index and single-stock derivatives on expiry days.
2
SEBI suggested two options, including a 'Blended VWAP' based on continuous trading session and closing auction session volumes, or continuing the current continuous trading session VWAP method.
3
Stakeholders have until October 3 to submit comments and suggestions on the proposed consultation paper.