Media Release

Media Release


BSE introduces 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



Mumbai : September 23,2020:  As a regulated stock exchange, BSE continuously strives for bringing in various policy initiatives and measures in a pro-active manner to maintain and enhance market integrity and safeguard investor interest.


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.


About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.


BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.


BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India. 


BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.


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