Notice No.   20140210-34   Notice Date   10 Feb 2014
Category   Trading   Segment   SME
Subject   Launch of Institutional Trading Platform on BSE SME



Members are hereby informed that the Exchange shall commence Live Trading in the ITP Segment from 11th February 2014. The contract specifications and other trading parameters are as follows:
1.      Trading Parameters: The minimum order size will be Rs. 10 Lakhs and tick size will be Re1. All the trades will be done on trade for trade basis.
2.       Market Trading Holidays: The Market holidays observed in ITP during the Calendar Year 2014 will be in line with the Equity Segment.
3.      Trading Hours: Monday to Friday Trading: 9.15 am to 3.30 pm.
4.      Extension of Market Hours: The Exchange may extend the trading hours on any day for any reason that the Exchange may deem fit.
5.      Market close for trading: The Exchange may at its discretion, close the market for trading, for such time period as deemed necessary if, for reasons beyond their control, 40% or more of its users are unable to trade or access the trading system during the normal or extended course of trading hours
6.      Trading Software: The Trades on ITP will take place through Internet trading Platform for which .exe file will be provided by the stock exchange which needs to be downloaded by the members on their system. A detailed note will be provided shortly.
7.      Order Management:Permissible order types –Members are permitted to enter only limit price orders.
8.      Price Bands: In order to avoid erroneous order entry by participants, price bands will be applicable on all the Trades. Price band range will be +/-20% for the closing price. The above price operating range is dynamic and same can be relaxed further as per the discretion of stock Exchange after the surveillance department receives the request from the parties either in writing or through mail on
9.      Clearing and Settlement: The Clearing & Settlement of trades executed on the ITP Segment shall be performed by the Indian Clearing Corporation Ltd (ICCL), wholly owned subsidiary of BSE Ltd. A detailed circular shall be issued by ICCL on the same.
Members may note that settlement guarantee will not be available on trades done in ITP platform. In other words, the trades done in the said ITP segment will not be guaranteed by BSE/ICCL for settlement.
Please refer to the ICCL Circular dated 10th February 2014 for further reference.
In case of any queries or clarifications, trading members may kindly get in touch with their respective Relationship Manager or may contact BSE Helpdesk 
For & on Behalf of BSE Ltd
Devika Shah                     Ketan Jantre                
Sr.General Manager              General Manager     Trading Operations              Trading Operations