BSE chief says most players still avoid new closing auction

The BSE's new closing auction system has seen limited adoption by market participants, with only a few institutions using it a month after its launch. This is according to BSE CEO Sundararaman Ramamurthy, who noted that most players are still avoiding the system. The slow uptake suggests that the new mechanism is experiencing some initial difficulties, which could impact its effectiveness in the long run. This may have implications for market stability and efficiency, particularly if more participants do not join in the near future.

Why it matters

The new closing auction system has not been widely adopted. This may not significantly affect market operations.

Market impact

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