Operational Guideline for Market Orders emanating from Algo on Introduction of Closing Auction Session in the Equity Segment

Summary

What changed

BSE has issued operational guidelines regarding the treatment of algorithmic market orders during the newly introduced Closing Auction Session (CAS) in the Equity Cash Segment. While penalties for algorithmic market orders remain applicable during the normal market session as per existing Exchange notice 20251010-20, the Exchange has clarified that no such penalties will be levied on algorithmic market orders placed specifically during the Closing Auction Session. This update follows previous regulatory directives from SEBI and the Exchange regarding the implementation of the CAS.

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