India regulator plans changes to set expiry days' settlement prices for derivatives
MUMBAI: India’s markets regulator proposed on Saturday to use both closing auction session (CAS) and volume-weighted average price (VWAP) to determine settlement prices for index and single-stock derivatives on expiry days, in a bid to improve the CAS system. The Securities and Exchange Board of India also proposed changes to the closing auction process, including tightening the price band and…
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