New F&O closing auction rules: Impact on traders, investors decoded
· economictimes.indiatimes.com
Exchanges will change how stock closing prices are decided for F&O stocks. A new closing auction will determine the final price after normal trading ends. This auction aims to reduce the impact of last-minute large orders. Mutual funds will benefit from more efficient execution of their closing trades. Active traders and proprietary desks will see the biggest impact from these changes.
Agencies Till now a stock’s closing price was based on average price of trades done in last 30 mins
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