Economic TimesLean R·
CAS Chaos: Dalal Street's biggest stock trading reform in years endures a rocky first week
India's recently introduced closing auction system for stock prices is encountering early challenges, with traders raising alarms over erratic price fluctuations and confusion in the marketplace. In response, the Securities and Exchange Board of India (SEBI) held discussions with brokerages, reassuring them of the system's persistence. The lack of engagement from proprietary and high-frequency traders resulted in decreased liquidity, potentially affecting broker revenues and the volume of deriv…
Read at Economic Times →
