India’s newly introduced closing price auction system has left traders jittery as they adjust to the new system. During the first week of trading under the new system, some traders said that one of the country's most significant market structure reforms in recent years was failing to deliver as intended.

Closing auctions do not erase sharp moves. They may change where those moves occur

The Securities and Exchange Board of India (Sebi) remains steadfast in its support for the newly implemented closing auction system. Despite initial trading fluctuations shaking…

Market closing auction needs time to settle down