India Regulator Partially Reverses Derivative Settlement Rules, Sources Say
India's markets regulator is reportedly planning to halt the use of closing auctions for derivatives settlement prices for at least a year. This move represents a partial reversal of new mechanisms introduced for determining the closing prices of derivatives.
India’s markets regulator is likely to suspend the use of closing auctions for calculating derivatives settlement prices for at least a year, two sources with direct knowledge of the matter said, partially reversing the new mechanisms it introduced for setting closing prices.