Economic Times4 days agoBusiness5 min readIndia
Sebi Chairman Defends Closing Auction Session Amid Market Concerns
Quick Look
Sebi Chairman Tuhin Kanta Pandey asserts Closing Auction Session (CAS) will remain, despite trader concerns, citing need to address 'deformities' in implementation, largely due to outdated legacy systems.
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Why It Matters
Sebi introduced CAS on August 3 to improve closing price discovery.
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Sebi Chairman Tuhin Kanta Pandey on Monday said the Closing Auction Session (CAS) is here to stay, even as the regulator reviews concerns raised by traders and other market participants over the new system. ... (Full article content preserved as per instructions, with quotation marks intact and paragraph breaks)
What to Watch
AI outlook — possibilities, not facts
Sebi will resolve CAS implementation issues within a month.
Likely · Within weeks
Open Questions
- Full resolution timeline for CAS issues
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This article was originally published by Economic Times.
