Description
BSE announces movement of 8 securities to Trade-for-Trade segment with 5% price band effective August 7, 2025.
Summary
BSE has announced the movement of 8 securities from the Rolling segment to the Trade-for-Trade segment with a 5% or lower price band, effective August 7, 2025. This includes 7 securities moving to XT group and 1 security (Ortin Global Ltd) moving to T group. Additionally, 42 securities will be retained in the Trade-for-Trade segment.
Key Points
- 8 securities shifted from Rolling to Trade-for-Trade segment
- 7 securities moving to XT group (X to XT transition)
- 1 security (Ortin Global Ltd) moving from B group to T group
- No SME securities affected in this circular
- 42 existing securities retained in Trade-for-Trade segment
- All changes carry 5% or lower price band restriction
Regulatory Changes
- Securities in Trade-for-Trade segment can only be traded for delivery
- No intraday trading permitted for affected securities
- Price band restrictions of 5% or lower applied
- Enhanced surveillance measure through segment classification
Compliance Requirements
- Brokers must ensure only delivery-based trading for affected securities
- Position limits and margin requirements as per Trade-for-Trade segment rules
- Compliance with enhanced surveillance measures
- Proper client communication regarding trading restrictions
Important Dates
- Effective Date: August 7, 2025
- All segment shifts and retentions take effect from market opening on this date
Impact Assessment
- Trading Impact: Elimination of intraday trading opportunities for 8 securities
- Liquidity Impact: Potential reduction in trading volumes due to delivery-only requirement
- Investor Impact: Increased margin requirements and settlement obligations
- Market Impact: Enhanced price discovery through reduced speculative activity
- Surveillance Impact: Improved monitoring of securities with concerning trading patterns
Impact Justification
Affects trading mechanism for 8 securities, restricting intraday trading