BSE Limited launches Smart Order Routing (SOR) for its members.
Securities & Exchange Board of India (SEBI) has approved and given necessary guidelines for providing Smart Order Routing (SOR).
As quoted in the SEBI circular SOR allows Brokers trading engines to systematically choose the execution destination based on the
factors like price, cost, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution
of the order.
SOR Membership at BSE
- Members can avail SOR facility by applying to the exchange with the SOR application form along with the completed Vendor Certificate
- This will be followed by a systems audit by a BSE empanelled CISA certified auditor
- Members need to follow guidelines mentioned in the related SEBI and BSE circulars on SOR
- Download Audit Checklist for reference
Application Procedure
Members are requested to fill in the
Application form and send it to
Business Operation Department
17th Floor, P J Towers
Dalal Street, Fort
Mumbai 400001
Tel:No: 022- 2272 5116/ 5873/ 5012
For Queries and Feedback
Trading APP
Email:
trading.app@bseindia.com
Following are the relevant notices for availing SOR facility