BSE to launch auto cancellation to avoid reversals in exclusive stocks

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 Leading bourse BSE on Wednesday said it will introduce compulsory auto cancellation of trade related software feature for prevention of trade reversals in BSE Exclusive stocks sub-segment in Equity Segment to maintain market integrity after implementing the same in equity derivatives, currency derivatives and commodity derivatives

As a part of this initiative, earlier BSE had proactively introduced a functionality of PAN based Self Trade Prevention Check (STPC) across all segments and PAN based Reversal Trade Prevention Check (RTPC) in equity derivatives, currency derivatives and commodity derivatives segments as a regulatory measure with an intention to prevent potential cases of self-trades and trade reversals from taking place on the Exchange trading platform.

After implementing the compulsory auto cancellation of trade related software feature of Reversal Trade Prevention Check (RTPC) for prevention of trade reversals in equity derivatives, currency derivatives and commodity derivatives segments and to maintain market integrity, BSE is now introducing RTPC in BSE Exclusive stocks sub-segment in Equity Segment with effect from Monday, 28 September 2020. The said check shall be made applicable to stocks exclusively available for trading on BSE trading platform under X, XT, Z, P, Y, ZP and ZY groups.

With this, BSE is currently the only Exchange to implement both Self Trade Prevention Check (STPC) and Reversal Trade Prevention Check (RTPC) on PAN number basis across all its segments.

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