SEBI CAS: Framework revised; auction window set, reference price calculation for eligible securities changed - Details

SEBI has reintroduced the Volume Weighted Average Price (VWAP) for derivatives expiry, replacing the Clearing and Settlement (CAS) mechanism that led to abrupt price swings and market volatility, affecting traders' ability to participate in the futures and options segment.

The revision of the Clearing and Settlement mechanism aims to streamline the process and clarify how eligible securities are handled, potentially impacting market participants.