BSE group will continue to provide uninterrupted services of BOW and BEST to all members for multiple exchanges
Mumbai, June 10, 2020: In the current situation of Covid-19, technology has become a key enabler for all businesses. Since the advent of screen based trading in 1994, all exchanges in India have been providing front office order routing software on cloud based hosted solution or on desktop to all their members. Additionally, they also allowed third party vendors to provide software and services to stock brokers. The current framework does not prohibit any exchange or their subsidiaries to provide such services to its members for one or more exchanges.
BSE has provided several solutions to all Its members including BOLT, BOLT+, BOLT on WEB, BEST etc as order routing platforms provided by BSE or its subsidiaries.
BSE is reiterating that BSE will continue offering BOLTPlus on WEB (BOW) and BSE Electronic Smart Trader (BEST), Cloud Based Hosted Solution services related to front office order routing software to its members in this current pandemic situation in addition to front end desk top solution like BOLT and BOLT+.
About BOW and BEST:
BOLTPlus On Web™? (BOW) is a powerful Hosted real time trading solution provided by Marketplace Tech Infra Services Pvt Ltd, available as a Cloud Based hosted solution. This software allows the user to watch real-time market prices and execute orders on multiple exchanges (BSE, NSE, MCX and NCDEX) instantaneously with real time price streaming, risk management from a single window.
BSE Electronic Smart Trader (BEST) is a robust, state-of-the-art Cloud Based hosted trading solution for BSE members and Customers. The Trading software has been developed to provide an integrated system for Trading and Risk management. BEST supports trading on multiple exchanges (BSE, NSE, MCX).
Both these applications can be connected through Internet from Exe, Browser and Mobile application for trading on Multiple Exchange segments from a single screen, login ID and password.
Shri Sameer Patil, CBO - BSE: “BSE and its subsidiary Marketplace Tech Infra do not charge for BOW and BEST services. These services are even more important because many third party CTCL and IML service providers don’t provide software for new segments of exchanges in time and at a reasonable cost. Our services therefore ensures that all members, especially small-sized members, can remain connected and trade seamlessly without any technological interruptions at no cost. In these uncertain times, BSE via its subsidiary Marketplace Tech Infra will continue to handhold all trading members for business continuity.”
BSE will always strive to create awareness and increase participation via BOW, BEST, BOLT+, BOLT, etc in addition to supporting all IML and other vendors.
BSE will conduct host webinars with BBF, ANMI, CPAI and other regional associations and members to make them aware of the functions, features, requirements, future plans, etc for these platform.
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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