New Delhi, Aug. 13 -- Kotak Mutual Fund Managing Director Nilesh Shah said the newly implemented closing auction session (CAS) under SEBI's revised trade mechanism could take some time to stabilise, but is likely to become an integral part of the Indian market as participants become more familiar with it.

Speaking exclusively with ANI, Shah said the system may initially face operational difficulties, but SEBI is open to feedback and improvements.

"Now, when you roll out a new system, there be some hiccups? Answer is yes. Will SEBI take the market feedback and make any improvement if required? Answer is yes," Shah said.

He said the closing auction mechanism, which provides a single execution price and is particularly beneficial for pass...