The Bombay Stock Exchange (BSE) on June 23, 2023, issued a notification regarding User id - Updation of the same PAN against multiple Algo terminals.
Exchange hereby announces a facility to apply/map multiple ‘Algo’ user ids (Exchange allotted id and 16-digit terminals) on a single PAN. Members are requested to note the below in this regard, the modified Trader ID form is issued.
1. While applying for a new user, members need to tag the user appropriately as Algo / Non-Algo in the ID/ Terminal activation form.
2. If the terminals are tagged as ‘Algo’, only then the same PAN across multiple terminals tagged as ‘Algo’ shall be accepted.
3. Further members shall be able to provide the same certificate against such terminals tagged as ‘Algo’ in a particular segment as per the regulatory requirement.
4. Members are requested to refer to the revised form for the ID/ Terminal activation form.
5. Members are responsible to provide complete and correct details of the terminals.
6. Members shall also be responsible to populate the correct identifier in the 14th field provided in the 16-digit location id) for every order emanating from the non-exchange terminal.
7. BSE Limited shall only provide a facility to the members to tag a terminal as Algo/Non-Algo based on the member’s request. Members shall be solely responsible for the Algo/Non-Algo tagging done for the terminal ids.
8. Members shall be responsible for providing accurate and complete information/details of the terminals as required.
9. Members must ensure that a user in whose name Algo/Non-Algo facility is taken, leaves the organization or under any such similar situation, all the terminal ids taken under such user’s PAN must be disabled.
[Notification No. 20230623-60]
