ICICI Direct has integrated the Indicative Equilibrium Price (IEP) across its trading platforms, giving investors real-time visibility into price formation during the Closing Auction Session (CAS), the brokerage announced on Wednesday. Also readThe move follows SEBI’s introduction of the Closing Auction Session for stocks carrying futures and options contracts. The regulator replaced the earlier volume-weighted average price methodology with an auction-driven mechanism that pools all buy and sell orders from 3.15 pm onward into a single liquidity pool to determine the closing price. Also readICICI Direct is the retail brokerage arm of ICICI Securities, a subsidiary of ICICI Bank. The enhancement positions ICICI Direct alongside broader market infrastructure changes driven by the regulator, as Indian exchanges move toward more transparent, auction-based closing mechanisms for the derivatives segment.