Why India's New Closing Auction Is Agonizing Traders
India has recently implemented a new auction-based system to set end-of-day prices for over 200 stocks, but the mechanism is causing significant market volatility and frustration among traders. Nearly a month after its launch, the system continues to produce unexpected price swings that are challenging market participants to adapt.
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Why India’s New Closing Auction Is Agonizing Traders: Q&A
India has recently implemented a new auction-based system to set end-of-day prices for over 200 stocks, but the mechanism is causing significant market volatility and frustration among traders. Nearly a month after its launch, the system continues to produce unexpected price swings that are challenging market participants to adapt.
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