CAS is here to stay: SEBI confident that Closing Auction Session will improve as participation rises, despite market-wide confusion
· economictimes.indiatimes.com
The Securities and Exchange Board of India (Sebi) remains steadfast in its support for the newly implemented closing auction system. Despite initial trading fluctuations shaking investor confidence, the initiative is designed to enhance price discovery while aligning with international standards. However, a decrease in participation from proprietary traders has resulted in reduced liquidity. Sebi advocates for technology enhancements and a boost in order flows to ensure the system's effectiveness.
Proposed in 2024
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