Economy
Sebi to Issue Guidelines on Closing Auction Session in a Week
Livemint2h
THE BRIEF
1
Sebi chairman Tuhin Kanta Pandey announced that the market regulator will issue new guidelines for derivatives settlement pricing within a week.
2
The Closing Auction Session was introduced on August 3 to determine closing prices for select F&O stocks but drew backlash over price swings on expiry days.
3
Sebi's consultation paper proposed calculating settlement prices using a blended volume-weighted average approach from the final trading minutes.