Business & Finance
India Steps Up Review of Closing Stock Auction as Concerns Mount
Key Points
India Steps Up Review of Closing Stock Auction as Concerns Mount India’s market regulator has accelerated discussions with high-frequency trading firms and other market players, people familiar with the matter said, on growing concerns over its new auction system to determine stock closing prices. Officials at the Securities and Exchange Board of India had meetings with market makers, domestic mutual fund managers and stock brokers this week to collate feedback for any potential review of...
India Steps Up Review of Closing Stock Auction as Concerns Mount
India’s market regulator has accelerated discussions with high-frequency trading firms and other market players, people familiar with the matter said, on growing concerns over its new auction system to determine stock closing prices.
Officials at the Securities and Exchange Board of India had meetings with market makers, domestic mutual fund managers and stock brokers this week to collate feedback for any potential review of the mechanism launched Aug. 3, the people said, asking not to be identified as the discussions are private.