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Economic Times
2 days ago
- Business
- Economic Times
Sebi's Common Contract Note reform poised to boost BSE's cash market share
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Securities and Exchange Board of India's ( Sebi ) mandate requiring exchanges to adopt a Common Contract Note (CCN) is likely to benefit BSE by enabling institutional investors to route orders more efficiently through the exchange. The reform is expected to enhance liquidity and potentially revive trading interest in BSE's cash market segment. Moreover, it could help offset the negative impact of shifting derivatives expiry to Thursday, which had previously weighed on BSE's trading to a Bloomberg report, Jefferies had last month noted in a report that implementing a common contract note could boost BSE's market share in the cash segment, as it will likely remove a key friction point for institutional investors who previously preferred other exchanges due to simpler post-trade market regulator on Wednesday mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP) effective June 27, 2025. This move comes with a view to simplify post-trade processes and boost ease of doing business for institutional now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance headaches. Responding to long-standing demands from industry stakeholders, regulators, in collaboration with exchanges and clearing corporations, developed a single consolidated contract note mechanism with a uniform the new system, all trades executed across multiple exchanges will be consolidated into a single, harmonised contract note, drastically simplifying post-trade reporting. This eliminates the need for investors to process and reconcile multiple contract notes, streamlining the settlement Read: Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds The reform is expected to increase cost efficiency, reduce manual errors, and ease the compliance burden on brokers, institutional investors, and custodians. Additionally, it aligns with the Common Clearing interoperability framework, ensuring consistent and standardised trade reporting across the capital markets ecosystem.
Time of India
2 days ago
- Business
- Time of India
Sebi's Common Contract Note reform poised to boost BSE's cash market share
The Securities and Exchange Board of India's ( Sebi ) mandate requiring exchanges to adopt a Common Contract Note (CCN) is likely to benefit BSE by enabling institutional investors to route orders more efficiently through the exchange. The reform is expected to enhance liquidity and potentially revive trading interest in BSE's cash market segment. Moreover, it could help offset the negative impact of shifting derivatives expiry to Thursday, which had previously weighed on BSE's trading volumes. According to a Bloomberg report, Jefferies had last month noted in a report that implementing a common contract note could boost BSE's market share in the cash segment, as it will likely remove a key friction point for institutional investors who previously preferred other exchanges due to simpler post-trade processes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Average Cost To Rent A Private Jet May Surprise You (View Prices) Private Jet I Search Ads Learn More Undo The market regulator on Wednesday mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP) effective June 27, 2025. This move comes with a view to simplify post-trade processes and boost ease of doing business for institutional investors. Until now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance headaches. Responding to long-standing demands from industry stakeholders, regulators, in collaboration with exchanges and clearing corporations, developed a single consolidated contract note mechanism with a uniform VWAP. Under the new system, all trades executed across multiple exchanges will be consolidated into a single, harmonised contract note, drastically simplifying post-trade reporting. This eliminates the need for investors to process and reconcile multiple contract notes, streamlining the settlement workflow. Live Events Also Read: Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds The reform is expected to increase cost efficiency, reduce manual errors, and ease the compliance burden on brokers, institutional investors, and custodians. Additionally, it aligns with the Common Clearing interoperability framework, ensuring consistent and standardised trade reporting across the capital markets ecosystem.
Economic Times
2 days ago
- Business
- Economic Times
Sebi mandates a single VWAP contract note for trade reporting. Who benefits and why it matters
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP), effective June 27, 2025. This move aims to simplify post-trade processes and enhance ease of doing business for institutional investors. ADVERTISEMENT Until now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance challenges. Responding to long-standing demands from industry stakeholders, Sebi, in collaboration with exchanges and clearing corporations, has developed a single, consolidated contract note mechanism with a uniform VWAP. Under the new system, all trades executed across multiple exchanges will be consolidated into a single, harmonised contract note, significantly simplifying post-trade reporting. This eliminates the need for investors to process and reconcile multiple contract notes, streamlining the settlement reform is expected to boost cost efficiency, reduce manual errors, and ease the compliance burden on brokers, institutional investors, and custodians. Additionally, it aligns with the Common Clearing interoperability framework, ensuring consistent and standardised trade reporting across the capital markets participants have hailed the move as a game-changer for back-office operations, with many expecting it to improve transparency and operational efficiency in India's capital markets. By reducing paperwork and introducing uniformity, the single VWAP contract note represents a major step towards modernising India's trading infrastructure in line with global best practices. ADVERTISEMENT In another significant development, Sebi has decided to open a special window for the re-location of transfer deeds that were submitted before the April 1, 2019 deadline but were rejected, returned, or left unattended due to deficiencies in documentation, process, or other reasons. This window will remain open for six months, from July 7, 2025, to January 6, 2026. This initiative aims to facilitate easier investing for investors and to safeguard their rights in securities they had purchased earlier. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Sebi mandates a single VWAP contract note for trade reporting. Who benefits and why it matters
Market regulator Securities and Exchange Board of India ( Sebi ) on Wednesday mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price ( VWAP ), effective June 27, 2025. This move aims to simplify post-trade processes and enhance ease of doing business for institutional investors . Until now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance challenges. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Responding to long-standing demands from industry stakeholders, Sebi, in collaboration with exchanges and clearing corporations, has developed a single, consolidated contract note mechanism with a uniform VWAP. Under the new system, all trades executed across multiple exchanges will be consolidated into a single, harmonised contract note, significantly simplifying post-trade reporting. This eliminates the need for investors to process and reconcile multiple contract notes, streamlining the settlement workflow. The reform is expected to boost cost efficiency, reduce manual errors, and ease the compliance burden on brokers, institutional investors, and custodians. Additionally, it aligns with the Common Clearing interoperability framework, ensuring consistent and standardised trade reporting across the capital markets ecosystem. Live Events Market participants have hailed the move as a game-changer for back-office operations, with many expecting it to improve transparency and operational efficiency in India's capital markets. By reducing paperwork and introducing uniformity, the single VWAP contract note represents a major step towards modernising India's trading infrastructure in line with global best practices. In another significant development, Sebi has decided to open a special window for the re-location of transfer deeds that were submitted before the April 1, 2019 deadline but were rejected, returned, or left unattended due to deficiencies in documentation, process, or other reasons. This window will remain open for six months, from July 7, 2025, to January 6, 2026. This initiative aims to facilitate easier investing for investors and to safeguard their rights in securities they had purchased earlier.
