Story thread · 2 reports / 2 sources

CAS chaos: Retail traders call for boycott, declare 'No Trade Day'

economictimes.indiatimes.com · 4hShare

Several retail traders are allegedly boycotting the stock market today, not trading Indian equities as a mark of protest against the newly introduced Closing Auction Session (CAS) that has triggered panic among investors this month.Stock exchanges introduced the new CAS system this month, changing the way closing prices are calculated for stocks included in the futures and options (F&O) segment. What followed was strong volatility and a sharp divergence in the benchmark indices’ closing prices.Several investors took to social media platforms, encouraging others as well to quit trading on Wednesday as a mark of protest against the system, along with the higher securities transaction tax (STT) and changing rules.“I carried zero positions in indices, won’t take any indices trades or new SSO trades today. Have SSO positions open which I’ll manage if needed. Let’s observe #NoTradingDay today and make it a success,” said an X user named Ashish Gupta, who claims to be a full-time trader.Sever

First report: ‘No trade day…’: Day traders call for boycott against closing auction session — businesstoday.in, 2d