Closing Auction Session introduced for equity cash segment to determine closing prices via an equilibrium-price auction and aligned pre-open rules. Introduce a Closing Auction Session (CAS) for derivative-listed cash equities in a phased manner: a 20-minute session (15:15-15:35) with reference price from 15:00-15:15 VWAP (or LTP/prior close if no trades), +/-3% price band, disclosed limit and market orders only, equilibrium-price closure maximizing executable volume with market-order priority, carryover of CTS limit orders (subject to exceptions and priority rules), applicable cash-market risk and margin rules, dissemination of indicative auction metrics, alignment of pre-open auction mechanics, revised settlement-price computation for derivatives, and SOP and system/implementation timelines.
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Closing Auction Session introduced for equity cash segment to determine closing prices via an equilibrium-price auction and aligned pre-open rules.
Introduce a Closing Auction Session (CAS) for derivative-listed cash equities in a phased manner: a 20-minute session (15:15-15:35) with reference price from 15:00-15:15 VWAP (or LTP/prior close if no trades), +/-3% price band, disclosed limit and market orders only, equilibrium-price closure maximizing executable volume with market-order priority, carryover of CTS limit orders (subject to exceptions and priority rules), applicable cash-market risk and margin rules, dissemination of indicative auction metrics, alignment of pre-open auction mechanics, revised settlement-price computation for derivatives, and SOP and system/implementation timelines.
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