Tag: sebi cas

CAS here to stay, but open to review for improvement: SEBI

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CAS here to stay, but open to review for improvement: SEBI

CAS is a major microstructure change. | Photo Credit: Reuters The new Closing Auction Session (CAS) mechanism for determining closing prices is “here to stay”, even as the market regulator Securities Exchange Board of India (SEBI) remains open to stakeholder feedback and possible tweaks to address any issues and for improvement. “CAS is here to…

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What is Closing Auction Session? | Explained

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What is Closing Auction Session? | Explained

The story so far: Market regulator, the Securities and Exchange Board of India (SEBI), has taken a well-calibrated step to introduce the Closing Auction Session (CAS) in the equity cash market, aiming for fair valuation, improved depth and statistical reliability of price discovery. From an econometrics angle, it is an attempt to reduce price noise…

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