From the conversation
“Whether the review actually reduces these swings depends on specifics not yet public. The change that would target the mechanism most directly is disallowing order cancellations once placed — it removes the incentive behind spoofing-style behaviour entirely. A methodology fix that leaves that untouched may not move the swings much.”
On the settlement-price review
SEBI said it may propose changes in how derivative settlement prices are determined after the first month of CAS, with a consultation paper expected within a week. The Economic Times asked whether that review would stop expiry-day wild swings. The desk point was narrower than scrap-or-keep: the mechanism that lets an indicative print be walked around is cancellation, not the auction itself.
The excerpt above is from Shai Coelho's remarks as published in The Economic Times. The full piece is at ET Markets. Market commentary is educational and observational; it is not investment advice or a trading recommendation.