Understanding Closing Auction Session (CAS)
Summary
- Closing Auction Session (CAS) is a mechanism to improve market quality.
- CAS aims to reduce volatility and improve liquidity in the market.
- It also aims to lower tracking errors, closing-price variance, and spreads.
Key Facts
- · CAS is a mechanism to improve market quality
- · Reduces closing-price variance
- · Lowers tracking errors
- · Narrower spreads
- · Improves liquidity
Why it matters
CAS is important for maintaining a stable and efficient stock market.
#stock market#Closing Auction Session#market quality#liquidity