Thursday July 3 2025
News Source: Global Exchanges
Focus: Brokers
Type: General
Country: India
On 2nd July 2025, the Securities and Exchange Board of India (SEBI) announced that Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP) has been made mandatory with effect from June 27th, 2025.
The erstwhile system required separate trade confirmations for each exchange resulting in complicated reconciliation, settlement, and regulatory compliance. Based on the representation received from market participants, it was decided to provide uniformity in post-trade communication. Accordingly, in collaboration with concerned stakeholders, a single consolidated contract note mechanism with uniform VWAP was conceptualized and developed for multi-venue trading.
The reform will simplify the post-trade reporting process by consolidating trades executed across multiple exchanges into a single, harmonized document, eliminating the need to process multiple contract notes. The move aims at increasing cost efficiency, reducing compliance burden for market participants and ensuring consistent trade reporting aligned with the clearing corporation (CC) interoperability framework.
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