BSE transfers scrips for trading on trade-to-trade basis
Published: Aug 22, 2017
By TIOLCORPLAW News Service
MUMBAI, AUG 21, 2017: The Bombay Stock Exchange (BSE) with a view to safeguard the interest of the investors has decided to take certain Surveillance measures. It has been decided that certain scrips will be transferred to T / XT / ST Group and would be traded and settled on Trade to Trade basis effective from August 23, 2017. Trading Members needs to be alert and take adequate precaution while trading in these scrips, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed. These scrips will continue to attract a circuit filter of 5% or lower as applicable.
BSE has clarified that the transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measures and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be reviewed periodically depending on the market conditions.The detailed criteria of shifting scrips to/from Trade-to-Trade are available on the BSE website.