Economic TimesLean R·
CAS sparks trader backlash as losses mount, Sebi holds firm
Mumbai: The newly-introduced closing auction system (CAS) has drawn sharp criticism from traders, who are irked by the unpredictability of recent index and stock price moves and the resulting losses.Calls for changes to the mechanism or, even a temporary rollback, have gathered pace on social media, prompting the Securities and Exchange Board of India and exchanges to convene a meeting with top brokers even as the authorities defended the framework.The regulator is believed to have told brokers…
Read at Economic Times →
