BSE to launch auto cancellation to avoid reversals in exclusive stocks

Leading bourse BSE on Wednesday said it will introduce compulsory auto cancellation of trade related software feature for prevention of trade reversals in stocks exclusively available on the platform from September 28.

The same feature has already been implemented in equity derivatives, currency derivatives and commodity derivatives.

The move is part of the exchange's effort to maintain and enhance market integrity and safeguard investor interest, BSE said in a statement.

Earlier, BSE had proactively introduced a functionality of PAN-based self trade prevention check across all segments and PAN-based Reversal Trade Prevention Check (RTPC) in equity derivatives, currency derivatives and commodity