The Bombay Stock Exchange (BSE) on February 12, 2024, issued the notification regarding the Market orders emanating from the Algo
The following has been stated namely: -
• Due care to be exercised while placing orders, especially on important attributes like scrip name, quantity, price, Stop Loss, etc. in the trading system to prevent any errors in order placement.
• Trading members shall adhere to the Market Price Protection (MPP) check, by not placing any algorithmic orders on the Exchange as a market order.
• Further steps including action such as imposition of penalty shall be considered if such orders continue
[Notification No. 20240212-41]
