“For one, market-making is permitted during CAS in other major global exchanges to ensure that spreads between buy and sell trades remain narrow and no wide divergence takes place between the close of CTS and the end of the auction. Secondly, the SLBM (securities lending and borrowing mechanism) segment is more vibrant in those markets than in India, where volumes are very low, and the process and costs are a challenge,” the broker said, requesting anonymity.
