Sebi CAS review draws over 20,000 responses, traders back VWAP
In short
Sebi’s CAS review has drawn more than 20,000 responses.
Trader groups do not want a shift away from the current VWAP approach, and FIA backs a 30-minute CTS-VWAP option with trading until 3:30 pm. Sebi has not said its final call yet.
What the reporting says
Sebi's CAS review drew more than 20,000 responses, with trader groups resisting a shift to a different VWAP approach. A Business Standard summary said FIA, a global body of traders and exchanges, supports the 30-minute CTS-VWAP option and continuous trading until 3:30 pm. The reporting does not state Sebi's final decision or when it will come.
Why it matters
Sebi's CAS review has drawn over 20,000 responses, and trader groups are resisting a change in the VWAP framework. FIA, described as a global body of traders and exchanges, supports the 30-minute CTS-VWAP option and continuous trading until 3:30 pm. The reporting does not say whether Sebi will adopt any of these views or when a final decision will be made.