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Sebi’s new closing-price mechanism trips up ETFs
Sebi's CAS determines a single price at which the maximum number of pooled orders for a stock can be matched. Auction orders are placed within a ±3% range around a volume-weighted reference price derived from trading between 3pm and 3:15pm.
Sebi's CAS determines a single price at which the maximum number of pooled orders for a stock can be matched. Auction orders are placed within a ±3% range around a volume-weighted reference price derived from trading between 3pm and 3:15pm.
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