New Delhi, Jul 2 (PTI) To make trading easier for institutional investors and market participants, Sebi has made it mandatory to issue a Common Contract Note (CCN) with a single volume weighted average price (VWAP), starting June 27.

A contract note refers to a legal document that presents the summary of all the trades executed during a trading day.

Also Read | How Is the Next Dalai Lama Chosen? Know How the Successor of the 14th Dalai Lama Will Be Picked.

Based on the representation received from market participants, the regulator 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, Sebi said in a statement.

Also Read | Muharram 2025 Holiday Date in India: Is Ashura on July 06 or July 07? Will Stock Market, Banks and Schools Remain Open or Shut?.

"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," it said.

The move aims at increasing cost efficiency, reducing compliance burden for market participants and ensuring consistent trade reporting aligned with the CC interoperability framework.

The erstwhile system required separate trade confirmations for each exchange resulting in complicated reconciliation, settlement, and regulatory compliance.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)