Development · 14 Sep 2026
2 publishers have reported this development. Each act of reporting is below, cited.
The Securities and Exchange Board of India (Sebi) on Saturday proposed changes to how derivative contracts are settled on expiry days, and operational rules for the closing auction session (CAS) after a rocky start to the month-old system.
The Securities and Exchange Board of India's proposed changes to the closing auction session are expected to make price discovery less disruptive and resolve practical problems, but market participants still suggest a preference for using volume-weighted average price for derivatives settlement.
The Securities and Exchange Board of India (SEBI) has proposed changes to the closing auction session (CAS), including two methodologies to determine the settlement price for derivatives on expiry days, shortening the transition period during the auction and removing the indicative index value.
India’s markets regulator proposed sweeping changes to the closing auction system, including a possible return to the previous method for settling derivatives on expiry days, after sharp price swings and liquidity concerns emerged around the month-old mechanism.
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