The Bombay Stock Exchange (BSE) on January 31, 2024, issued a notification on Pre-Trade Risk Control - Enhancements to Market price order in the Currency Derivatives segment.
Advisory on the market order feature, whereby the trading members have been advised to exercise due care while placing market orders and monitor the effective use of the same in their systems. Based on feedback received from market participants and to further strengthen the pre-trade risk control measures to ensure orderly trading and effective risk management, it has been decided to implement certain changes to the market price order feature.
Trading members and third-party trading application vendors are requested to note that a new version of ETI API, ver. 1.6.8, has been released as part of the roll-out of the above-mentioned enhancements. These changes are available in the simulation (test) environment for the Currency Derivatives segment. Trading members are requested to test and familiarize themselves with the proposed enhancements.
The above-mentioned enhancements shall be made effective in the live environment for trading from Monday, February 05, 2024, onwards. To facilitate the roll-out, the changes shall be available during the mock trading session on Saturday, February 03, 2024.
Based on the usage of these enhancements and further inputs from market participants, the Exchange may review these measures from time to time and implement further improvements/ changes as necessary.
[Notification No. 20240131-58]
