High-frequency trading firm Jane Street on Thursday told the Securities Appellate Tribunal (SAT) that it was seeking order logs from the market regulator with details of counterparties, timestamps, prices and quantities, which it noted were ‘relevant’ to its defence. The Securities and Exchange Board of India (Sebi), in turn, argued that it had already … Read more
India’s markets regulator is likely to stop using closing auctions to calculate derivatives settlement prices for at least a year, two sources with direct knowledge of the matter said, in a partial reversal of new mechanisms it has introduced for setting the closing prices of key stocks and derivative contracts. The Securities and Exchange Board … Read more
Sebi chairman Tuhin Kanta Pandey on Saturday said that the market regulator would soon move ahead with its proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper.The regulator had invited views on changes to the CAS, market timings and the settlement methodology for derivative contracts. … Read more
The closing auction session (CAS) could see a change in how its closing price is used for settling index and stock derivative contracts on expiry, with markets regulator Sebi proposing two alternative methodologies after reviewing the newly introduced framework.Sebi’s consultation paper released on Saturday seeks stakeholder views on whether derivative settlement prices should be calculated … Read more
Markets regulator Sebi on Thursday said it will revise the settlement price mechanism for derivatives contracts for Closing Auction Session (CAS). The decision comes exactly a month after CAS was rolled out on Aug 3. Sebi will soon come out with a consultation paper for revising the mechanism, a release from the regulator said.During the … Read more
Markets regulator Sebi on Wednesday banned Rajesh Mehta, CMD of Rajesh Exports from dealing in the shares of the company till further orders. In its interim order, Sebi also directed Rajesh Exports to cooperate with the regulator’s investigating officer and forensic auditors to look into the books of the company.Sebi’s initial investigations showed that the … Read more
The Securities and Exchange Board of India (Sebi) has dismissed insider-trading allegations against Pranav Adani and six others, closing a long-running investigation into trades executed ahead of Adani Green Energy Ltd’s (AGEL) announcement of its $3.5 billion acquisition of SB Energy in May 2021. In two separate orders, released on Friday, the regulator concluded that … Read more
Markets regulator Sebi is proposing to overhaul the SME (small & medium enterprises) IPO process through some drastic changes that aim to make the segment safer for investors, increase compliance requirement on companies and also increase the cost these entities to remain listed. Among several proposals in a consultation paper, select ones deal with increasing … Read more
Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go … Read more