Groww, Zerodha To Roll Out Closing Auction Order Queuing As Angel One Takes Early Lead
Major Indian stockbrokers, including Groww and Zerodha, are expected to roll out systems enabling investors to queue orders during the new Closing Auction Session (CAS) transition window. According to a report by Moneycontrol, Angel One has already introduced the facility, giving it an early advantage as brokers adapt their technology to the new market mechanism. The development follows a…
Indian stockbrokers Groww and Zerodha are set to introduce systems enabling investors to queue orders during the new Closing Auction Session (CAS) transition window, following a directive from the Securities and Exchange Board of India (SEBI). Angel One, an early mover in this adaptation, has already implemented a system that temporarily stores orders submitted during the five-minute transition period between 3:15 pm and 3:20 pm, automatically forwarding them once the auction window opens. This move is aimed at improving liquidity and price discovery near the end of the trading session.
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