π§ SEBI reviews CAS closing price settlement options
SEBI has proposed two alternative methods for settling index and stock derivative contracts at expiry. This proposal comes after reviewing the newly introduced Closing Auction Session (CAS) framework. The options involve using a blended VWAP or sticking to the current Continuous Trading Session (CTS) VWAP. This review addresses concerns raised by market participants about using the CAS price for derivative settlements. Stakeholders are asked to submit their feedback on these proposals by October 3. π§