Indian traders are bracing for their first monthly derivatives expiry using auction-based end-of-day stock prices, a crucial test for a mechanism that has faced backlash over sharp swings and allegations of manipulation.
The new system has operated through regular sessions and a weekly expiry since its launch on Aug. 3. Tuesday’s expiry will see a broader swath of derivatives positions, including physically settled single-stock options, tied to the auction-generated closing prices.
