Ashishkumar Chauhan said traders should retrain algos instead of asking Sebi to change closing auction Algorithmic traders arbitraging India’s stocks against index derivatives, rather than the design of a new closing auction, are to blame for expiry-day swings in index options prices, according to the head of the National Stock Exchange of India (NSE).Since August 3, Indian exchanges have set the closing prices of stocks underlying listed derivatives through an auction rather than by averaging Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact info@risk.net to find out more. You are currently unable to copy this content. Please contact info@risk.net to find out more. Copyright Infopro Digital Limited. All rights reserved.You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.If you would like to purchase additional rights please email info@risk.net Sorry, our subscription options are not loading right now Please try again later. Get in touch with our customer services team if this issue persists. New to Risk.net? View our subscription options If you already have an account, please sign in here. You already have an account with one of the websites below that uses this email address. Risk.net, FX Markets.com, WatersTechnology.com, Central Banking.com, PostOnline.co.uk, InsuranceAge.co.uk, RiskTechForum.com and Chartis-Research.com. Please use your existing password to sign in. Most read articles loading... Back to Top
NSE chief blames algos for India closing auction turmoil
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