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BSE Introduces A New Facility. Click Here To Know About It!

BSE Introduces A New Facility. Click Here To Know About It!
The BSE has introduced a new facility to place multiple quotes in equity and currency derivatives segments through a single request message.

The BSE has introduced a new facility to place multiple quotes in equity and Currency Derivatives Segments through a single Request Message.

Under this facility, a trading member can place buy and sell side order quantity and price for the same contract and same client in a single request.

This facility has become effective from Monday. The exchange said that trading members can place up to 99 quotes through a single request message.

These multiple quotes can be entered across different contracts which belong to the same product.

A quote can be either single-sided (either buy or sell quote) or double-sided (both buy and sell quotes). Every quote request will have a limit price and quantity would be fully disclosed.

All quotes shall have the retention type of end of session. Quotes that are part of a single request message have to be placed for the same client code, BSE said.

Regarding modification of quotes, BSE said trading members can modify either one or multiple quotes through a single mass quote request message. In case a member is moved into risk reduction mode, all pending quotes would be deleted.



This post first appeared on Latest India News, Breaking News Live, Current Hea, please read the originial post: here

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