This is further to SEBI circular no. CIR/MRD/DMS/34/2013 dated November 6, 2013, Exchange notice no.20181001-7 dated October 1, 2018, 20181005-5 dated October 5, 2018 and 20181105-3 dated November 5, 2018regarding System audit requirements for Algorithmic trading for half year ended September 2018.
Exchange has identified the stock brokers (Type III brokers) who use Algorithmic Trading or provide their clients with the facility of Algorithmic Trading, based on available data / information and displayed the same in the BEFS. In case of any discrepancy, members are requested to immediately contact the officials of the Inspection team (contact details given below).
Trading members (type III brokers who use Algorithmic Trading facility to trade) are once again reminded to submit the system audit report for the period April 1, 2018 to September 30, 2018 latest by November 30, 2018.
Please note that in case of non/late submission of System audit report for the half year ended September 30, 2018 beyond November 30, 2018, disciplinary action/charges are as follows:
1. Charges of Rs 100/- per day will be levied for the month of December 2018.
2. Further, from January 1, 2019 Exchange will withdraw trading facility for non-submission of System audit report.
In case of any further clarification the Trading Members may contact the following Officials.
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Sr. No.
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Name of Official
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Tel No.
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1.
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Ms. Jyoti Thukral
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022-22728214
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2.
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Ms. Priya Pillai
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022-22728598
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For and on behalf of BSE Ltd.
Jyoti Thukral Priya Pillai
Sr. Manager Sr. Manager
Broker Supervision Broker Supervision
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