Nithin Kamath warns closing auction session may hit Zerodha's revenue
Zerodha co-founder and CEO Nithin Kamath said the broking firm may see some portion of its revenue knocked off after Closing Auction Session (CAS) takes effect, adding that things will “get a little more complicated” from August 3 onwards.
Stock exchanges BSE and NSE are introducing the system for stocks with F&O contracts. It is a structured trading window held at the end of the trading day. During this period, market participants place buy and sell orders to determine a single closing price for a security through an auction-based mechanism.
Stock exchanges BSE and NSE are introducing the system for stocks with F&O contracts. It is a structured trading window held at the end of the trading day. During this period, market participants place buy and sell orders to determine a single closing price for a security through an auction-based mechanism.
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