SEBI panel backs VWAP settlement method amid CAS review
In short
A SEBI panel said it wants to keep the current VWAP settlement method. It also recommended new trading hours and changes to iceberg orders as CAS comes under review.
This matters for stock-market trading rules and settlement prices. The report does not say whether SEBI has made a final decision yet.
What the reporting says
A SEBI panel backed the existing VWAP formula over a blended calculation using closing auction prices, according to publisher-supplied reporting. The panel also recommended revised trading hours and changes to iceberg orders as CAS faces scrutiny. The immediate consequence is continued use of the current settlement method, but the reporting does not say whether SEBI has approved the recommendations or when any changes would take effect.
Why it matters
A SEBI panel backed the existing VWAP settlement formula instead of a blended calculation that would use closing auction prices. Publisher-supplied reporting says the panel also suggested revised trading hours and iceberg-order changes as CAS faces scrutiny. That is relevant for exchange-traded settlement and trading mechanics, but the reporting does not say whether the recommendations are final or when implementation might occur.