BSE to launch new order confirmation msg in equity & currency

Top stock exchange BSE today said it will provide a new confirmation message, in addition to the existing one, for its equity segment as well as currency derivatives segment, from October 12.
The new order confirmation message is confirmation for the acceptance of order related messages at exchange. It is sent as first response to all order related transaction messages initiated by a trading member.
"The exchange is pleased to inform all trading members that it now proposes to provide the new confirmation message in the equity segment as well as currency derivatives segment," BSE said in a statement.
According to it,"as compared to single digit microsecond response, the response time would be higher (in the range of 200 microseconds as currently available) for the new confirmation message".

The new facility would comprise primary order ID along with the entry and exit time stamp. It would be provided for any add, modify or delete order request.
BSE said that trading members would receive both the new order confirmation message and existing response.

"The new order confirmation message is sent first followed by the existing response messages," the exchange said.
"For all trading purpose a trading member can fully rely on new order confirmation message," it added.
The new facility would be enabled with effect from October 12.
BSE would also test the new facility in the live environment during the mock trading session to be conducted on October 10.