Explained: What Sebi’s proposed CAS changes mean for expiry-day trading and settlement
· economictimes.indiatimes.com
The regulator has proposed two options for determining expiry-day settlement prices for index and stock derivatives, changes to the timing of the continuous trading session (CTS), CAS and derivatives trading, and additional measures aimed at improving the functioning of the auction.
Two options for expiry-day settlement
Option 1: Blended VWAP
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Option 2: CTS VWAP
IEP is not an executed price
Why SEBI wants to stop IEP-derived...