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India’s New Stock Auction System Faces First Monthly Expiry Test

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India’s New Stock Auction System Faces First Monthly Expiry Test Indian traders are bracing for their first monthly derivatives expiry using auction-based end-of-day stock prices, a crucial test for a mechanism that has faced backlash over sharp swings and allegations of manipulation. The new system has operated through regular sessions and a weekly expiry since its launch on Aug. 3. Tuesday’s expiry will see a broader swath of derivatives positions, including physically settled single-stock...

India’s New Stock Auction System Faces First Monthly Expiry Test Indian traders are bracing for their first monthly derivatives expiry using auction-based end-of-day stock prices, a crucial test for a mechanism that has faced backlash over sharp swings and allegations of manipulation. The new system has operated through regular sessions and a weekly expiry since its launch on Aug. 3. Tuesday’s expiry will see a broader swath of derivatives positions, including physically settled single-stock options, tied to the auction-generated closing prices.
India (LOCATION) New Stock Auction System (ORG) Indian (ORG)
Originally published by Bloomberg Markets Read original →