Multi-legged facility in equity derivatives from Monday: BSE

Leading stock exchange BSE today said that it will launch multi-legged order entry facility in equity derivatives segment from August 10.
The stock exchange was to introduce the facility from August 3 but deferred the launch to give sufficient time to market participants to test their systems with the new functionality.
Under the new facility, a trader is allowed to purchase or sell a variety of different futures and options at the same time, which otherwise would need separate orders for different contracts.
"Trading members are hereby informed that, this functionality (multi-legged order entry facility) shall be made live in equity derivatives segment with effect from Monday, August 10, 2015," BSE said in a circular today.

Further, the exchange said that this functionality shall be available for testing in the live environment during the mock trading session to be conducted on Saturday, August 8.
"All trading members are requested to actively participate in the mock trading session and provide their feedback, if any, to the exchange," it said.
The multi-legged facility will help traders incorporate more advanced derivatives trading strategies. Besides, they will only have to pay one sales commission as against the current practise of several fee.
With this facility, traders will be able to place orders across two or three or four contracts through a single combination order.