So the SEBI chief said clearly that he's willing to tweak the CAS if needed.
As retail traders, our only ask is to delink expiry day contracts from CAS.
Will be sending mails to SEBI officials too today.
If you're on the same page, do your bit NOW.
#CASkiawaaz
I request each and every trader to retweet this and spread it at the maximum possible level.
Over the years, we have adapted to multiple regulatory changes that made trading more difficult for retail participants and reduced the ease of doing business. We adjusted our strategies, absorbed the costs, suffered losses, and still found ways to survive.
But this time, NO.
CAS directly impacts the way many professional and positional traders manage their business, execution, risk, and overnight positions.
Saanp bhi mar jaye aur lathi bhi na tute - it feels like traders are being pushed out without directly saying that trading should be stopped.
Please retweet this at a mass level.
For once, the entire trading community needs to speak in one voice.
Twitter should be flooded with one message: ROLL BACK CAS.
#RollBackCAS
You are simply killing the goose that laid the golden aggs.
Reforms should drive progress not destroy it.
CAS approach is inherently flawed for derivatives.
@NSEIndia@BSEIndia
@SEBI_India
#RemoveCAS
After CAS implementation there is no transparency in Indian derivative market.
After 3:15 small traders has to guess only.
Only market movers know the closing and they will have benefit only.
It’s not a justified market now for all.
@FinMinIndia
No rise in Vix
No Global or Domestic event
Still straddle has risen with 130pts at day opening only that too on an expiry day
All thanks to CAS
They have given platter to the institutions like Jane.
At 3:30 they will melt it at their choice of price that too in few seconds.
#rollbackCAS
Why CAS should be removed
1. Manipulated Price Discovery: Illiquid, post-market windows allow deep pockets to artificial move closing prices without real market depth.
2. Increases risk for Options traders at close as its uncertain where the market will close and so the option price settlement.
3. Doesn't give confidence to the expiry traders as flawed mechanics trigger erratic option premium spikes, killing trader participation on expiry days.
It will adversely impact to the entire derivative trading ecosystem.
Traders participation and tax revenues will go for a toss.
You need to either improvise it or take it back.
@NSEIndia @SEBI_India
#rollbackCAS
I have sent out a show cause notice to SEBI and NSE. I have given them 48 hours to respond.
At the same time, I am speaking to lawyers but yet to get a good one. Any good finance related lawyer in Mumbai reach out to me or please DM me the contact details
Aur do vote bjp ko.
They hav done everything in stock mkt to make richer from rich and poorer from poor.
Cash mkt khatam kiya by introducing ltcg.
If one closely see, we r at 2018 highs only in many smallcap stocks that hav somewhat decent fundamentals.
COVID crash uska rise agar ignore karo to negative return h in dollar terms.
2024 me jane street le gya.
2025 me elm aa gya.
Cash k stocks asm/gsm me chale jaate h.
Sme ipo me public ka bada paisa stuck.
What the hell is happening to the Indian stock market?
Dear @SEBI_India & @NSEIndia@BSEIndia
How many times do you expect traders to rebuild their entire business?
> December 2020 – 50% leverage removed
> March 2021 – 75% leverage removed
>September 2021 – 100% leverage removed
We adapted.
Yes, leverage is a double-edged sword. But thousands of genuine traders with smaller capital were affected. Still, we adapted.
> September 2023 – Bank Nifty expiry was shifted from Thursday to Wednesday, while BSE launched Sensex weekly expiry on Friday. Suddenly, we had expiries almost every trading day.
Many traders, especially algo and 0-DTE traders, redesigned their entire systems.
We adapted.
> November 2024 – Weekly expiries of FinNifty, Bank Nifty and other indices were removed. Only Nifty and Sensex weekly expiries remained.
Again, thousands of traders had to change their strategies.
We adapted.
> February 2025 – Expiry-day margin benefit was removed.
STBT traders were hit badly.
We adapted.
> 1st September 2025 – Nifty expiry shifted from Thursday to Tuesday.
Again...
We adapted.
> Jane Street reportedly made billions of dollars from Indian markets over the years. Later, regulatory action was taken, and subsequently trading restrictions were lifted after payment of regulatory dues/settlement.
How exactly did all of this benefit Indian retailers?
Meanwhile...
- Option STT has increased massively over the last few years.
- Bid-ask spreads have widened.
- Slippage has increased.
- Global volatility has increased.
- Transaction costs keep rising.
We adapted to everything.
And now...
Closing Auction Session (CAS).
Seriously?
Every few months there's another structural change.
Every few months traders are forced to rebuild their systems.
Every few months liquidity takes another hit.
You say these changes are for retail investor protection.
Then please show us the data.
Can you show even one report proving that retail trading losses have actually reduced because of all these interventions?
If not, then what exactly are these constant changes achieving?
Instead of making markets more efficient, you're making trading more expensive, more complicated, and pushing serious traders towards crypto and international markets.
As a full-time trader, my inner soul genuinely cries today seeing the direction our markets are heading.
We survived leverage removal.
We survived daily expiries.
We survived removal of daily expiries.
We survived expiry changes.
We survived removal of expiry margin benefits.
We survived higher STT.
We survived wider spreads and slippage.
Now we are expected to survive CAS as well?
Enough is enough.
I request SEBI and the exchanges to reconsider this rule.
Before implementing such major structural changes, consult the trading community. There should be proper communication, public discussion, and representation from active traders.
I also request every trader to raise their voice through the proper channels. If you genuinely believe these changes are hurting market participants, please send your feedback or complaint to SEBI through its official grievance mechanism. And if anyone from the industry has a direct channel to the exchanges or regulators, please help convey the concerns of the trading community.
Please Retweet this so our voice reaches the right people.
Enough of silent adaptation. It's time the trading community is heard.
@AnilSinghvi_@_anujsinghal@SarangSood@PRAFULKULKARN18@adigitalblogger@iarjuntandon@JayneshKasliwal@sunilgurjar01@piyushchaudhry@SantoshPasi@RakeshPujara1@TanmayKurtkoti@justnottamomma@AshishGupta325
We stand in solidarity with the youth of our country.
Their voices deserve to be heard — loud, clear, and without fear. They are the heartbeat of our democracy and the true architects of our nation’s future.
Let us listen, support, and empower them. The energy, courage, and dreams of our young people will shape the India we aspire to build.
Jai Hind.
Genelia & Riteish Deshmukh
#YouthOfIndia #VoiceOfTheYouth #FutureOfOurNation
#UPDATE: After waiting for more than 2 hours, @AshutoshRanka and I just met J.P. Nadda ji at his residence for 10 minutes.
While we submit a written letter with our demands, he has assured us that he will meanwhile speak internally. We are in that process. There is news of mass detention etc.