Description
BSE announces voluntary closure of Rikhav Securities Ltd's currency derivative trading operations effective August 4, 2025.
Summary
Rikhav Securities Ltd. (Member No. 3174) has voluntarily ceased its currency derivative trading operations on BSE with immediate effect from August 4, 2025.
Key Points
- Rikhav Securities Ltd. (Member No. 3174) voluntarily closing currency derivative business
- Closure effective immediately from August 4, 2025
- Contact membership.ops@bseindia.com for clarifications
- Notice issued by Amit Kadam, Assistant Vice President
Regulatory Changes
No regulatory changes - this is a voluntary business closure by a trading member.
Compliance Requirements
Trading members are informed of the closure for awareness purposes. No specific compliance actions required from other members.
Important Dates
- August 4, 2025: Effective date of voluntary closure of currency derivative operations
Impact Assessment
Minimal market impact as this involves a single trading member’s voluntary decision to cease operations in the currency derivative segment. Other market participants are unaffected.
Impact Justification
Single member voluntary closure with limited market-wide impact