India's new closing auction is prompting options traders to cut positions and add hedges as sharp swings in the final 15 minutes make closing levels harder to predict
The NSE auction absorbed a record $4.2 billion in MSCI-linked trades, but sharp price swings persisted, highlighting concerns over thin liquidity and the lack of market makers
To make trading members accustomed to the bidding platform, the exchange would be conducting a mock bidding session today