Business & Finance
India’s New Stock Auction System Faces First Monthly Expiry Test
Key Points
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.