Economic TimesLean R·
New F&O closing auction rules: Impact on traders, investors decoded
Mumbai: From August 3, exchanges are overhauling the way closing prices are determined for stocks in the futures and options (F&O) segment. Here is what are the changes and what it means for traders and investors:What are exchanges changing?Exchanges are changing the way the official closing prices of certain stocks are decided. The daily closing price is one of the most important numbers for market participants. It is used to calculate index closing levels, mutual fund portfolios, and sett…
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