India Regulator Partly Reverses Derivatives Settlement Rules
India’s markets regulator said it would use VWAP from the final 30 minutes of regular trading to settle expiring stock and index derivatives, reversing its decision to use closing auctions.
India’s markets regulator said on Thursday that expiring stock and index derivatives contracts would be settled using volume-weighted average prices (VWAP) from the final 30 minutes of regular trading. The move reverses its decision to use closing auctions.