Description
BSE announces voluntary closure of Vaibhav Stock & Derivatives Broking Private Limited's currency derivative segment operations effective August 8, 2025.
Summary
BSE has notified trading members that Vaibhav Stock & Derivatives Broking Private Limited (Member No. 6750) will voluntarily cease operations in the Currency derivative segment effective August 8, 2025.
Key Points
- Member firm voluntarily closing currency derivative business operations
- Effective date: Friday, August 8, 2025
- BSE Member Number: 6750
- Contact for clarifications: membership.ops@bseindia.com
Regulatory Changes
No regulatory changes - this is a voluntary business closure by the member firm.
Compliance Requirements
Trading members are informed of the cessation. No specific compliance actions required for other members.
Important Dates
- August 8, 2025: Effective date for cessation of currency derivative operations
Impact Assessment
Minimal market impact as this involves only one member firm voluntarily exiting the currency derivative segment. Other trading members and market operations remain unaffected.
Impact Justification
Single member voluntary exit from currency derivatives with minimal market impact