India, Oct. 15 -- India's derivatives market is undergoing changes aimed at improving the closing auction process and reducing uncertainty around expiry-day settlement. The Securities and Exchange Board of India (SEBI) is reviewing recommendations on settlement prices, market timings and order handling. These changes could influence trading activity across stock exchanges and brokerage platforms, including NSE, BSE and Angel One.

Existing VWAP Settlement Method to Continue SEBI's Secondary Market Advisory Committee (SMAC) has favoured retaining the existing 30-minute Volume-Weighted Average Price (VWAP) methodology for settling index and stock derivatives on expiry days, rather than immediately shifting to a formula incorporating Closin...