BSE to conduct mock session on Saturday to test software
.jpg)
Leading bourse BSE will conduct a mock trading session on Saturday to test software related to trading and risk management, including algorithmic-based trade.
The move is part of the exchange's efforts to provide its members with a robust and efficient system for trading equipped with better features.
In three separate circulars, BSE has asked trading members with user IDs approved for algorithmic-based (algo) trades to participate in the mock session, which will be held for currency and equity derivatives, and the equity segment.
"The exchange has scheduled a mock trading session for equity derivatives segment on Saturday, March 12, 2016," BSE said in three separate circulars, adding that the session is "regarding testing of software used in or related to trading and risk management".
Algo refers to high-frequency and automated execution of trades on the stock exchanges through pre-programmed software platforms installed on servers.
"Trading members shall ensure that all user-ids approved for algorithmic trading, irrespective of the algorithm having undergone change or not, shall participate in the mock trading session," the bourse said.
Besides, "trading members using third-party trading platforms of empanelled vendors or in-house developed systems can also use this opportunity to test their respective trading applications during the session for various functionalities, including exceptional market conditions", it added.
Other Latest News
.webp)
At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
.webp)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
.webp)
The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
.webp)
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
.webp)
Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
.webp)
.webp)
.webp)
.webp)
.webp)
