‘Move in the right direction but timing probably not right’: Equirus Group’s trading head on CAS mechanism
Tejas Shah, director and head of trading at Equirus Group, believes that the newly introduced Closing Auction Session (CAS) mechanism by the Securities and Exchange Board of India (SEBI) is a positive step, though it may have been implemented prematurely. The CAS mechanism, which started at the beginning of this month, aims to improve price discovery and democratic participation in the Indian market. However, Shah suggests that the market is not yet mature enough for its implementation.
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