Press release

PAN-based Self-trade Prevention Check Functionality for Equity Derivatives segment

Mumbai, Tuesday 15th September 2015: This is further to Exchange circular no. 20150116-30, dated January 30, 2015 regarding the introduction of self trade prevention check (STPC) for Equity Derivatives segment.

Currently, self-trade prevention check prevents matching between a buy and a sell order entered in the same order book by a member for the same client code.

As a further enhancement to the above-mentioned functionality, it is now proposed to perform the self-trade prevention check based on Permanent Account Number (PAN) of clients. Using the PAN details available in the Exchange records, the aforesaid check shall help prevent matching between a buy and a sell order of a client placed by different members in the same order book. . All other characteristics of the STPC mechanism shall continue to be applicable.

 On this background, trading members are hereby advised to verify PAN details of the clients registered in the Exchange’s UCC system.

It is proposed to make this functionality Live in Equity Derivatives segment with effect from Monday, September 14, 2015.

This functionality has been made available for testing in the simulation environment. Trading members are requested make use of it. Further, the Exchange shall conduct a market-wide mock trading session in the Live environment on Saturday, September 12, 2015 to facilitate the roll out.

Media Contact:

Yatin Padia

Corporate Communication

Yatin.padia@bseindia.com

+91 22 2272 8516