India closing auction sessions see low participation and abrupt swings
One month after India introduced closing auction sessions (CAS) to enhance transparency in stock prices, participation remains low and trading shows abrupt price swings, leaving end-of-day pricing less certain.
New Delhi, Sept.
3 -- A whole month since India introduced closing auction sessions (CAS) to enhance transparency in stock prices, the new system remains marred by low participation and abrupt price swings.
Market participants once used to full price visibility at the day's end now wait in suspense…