The Bombay Stock Exchange (BSE) on July 04, 2024, notified regarding the Convenience and Ease of Trading for the Clients.
The following has been stated:
• The Members to provide interoperability to all clients facilitating the release of the client’s margin intra-day and not withholding till End of the day i.e., when a client buys on Exchange X and sells on Exchange Y, the margin should get released immediately after sell.
• The Members to provide all trading products across segments across exchanges (based on their membership) on their trading platforms including Web & Mobile. For eg. if Member A has a membership of multiple Exchanges for all segments, then the member is to display all products of such Exchanges across all segments and not for a specific segment/product.
• At the time of an order entry, the Member’s trading platform including Web & Mobile displays the prices of selected scrip/contract from all the exchanges (where the member is active) to facilitate the execution of orders at the best price.
• The timeline for providing the aforementioned functionalities is as follows:
o Qualified Stock Brokers (QSBs) - October 01, 2024
o Members other than QSBs - December 01, 2024
[Notification No 20240704-40]
