Description

BSE introduces Trade API facility for Clearing Members to access trade inquiry data in Equity Cash and Equity Derivatives segments with token-based authorization.

Summary

BSE has released Version 1.0 of the Trade API facility for Clearing Members in Equity Cash and Equity Derivatives segments. This API structure document provides technical specifications for token-based authorization and trade inquiry workflows. The initial market release was made on October 28, 2025, enabling clearing members to programmatically access trade data through API integration.

Key Points

  • Trade API Version 1.0 released for Clearing Members in Equity Cash and Equity Derivatives segments
  • Token-based authorization mechanism implemented for secure API access
  • API registration required before accessing the facility
  • Login workflow includes handshake process and token generation
  • Trade inquiry functionality available for both Equity and Equity Derivatives segments
  • Initial market release dated October 28, 2025
  • Comprehensive API documentation includes request/response field details and validation rules

Regulatory Changes

No regulatory changes. This is a technology infrastructure enhancement providing API access to existing trade inquiry data for clearing members.

Compliance Requirements

  • Clearing members must complete API registration process
  • Authentication through token-based authorization system required
  • Members must follow prescribed login handshake workflow
  • API calls must include proper request headers and data fields as per specifications
  • Token generation request data must pass specified validations

Important Dates

  • October 28, 2025: Initial market release date
  • October 2025: Document edited and published

Impact Assessment

Operational Impact: Medium - This facility enhances operational efficiency for clearing members by providing programmatic access to trade data. Clearing members can now integrate BSE trade inquiry functionality into their internal systems through API calls rather than manual processes.

Market Impact: Low to Medium - While this is primarily a technological infrastructure update, it may improve market efficiency by enabling faster trade reconciliation and reporting processes for clearing members.

Technical Requirements: Clearing members will need to develop or update their systems to integrate with the Trade API, implement token-based authorization, and handle the specified request/response formats for both Equity Cash and Equity Derivatives segments.

Impact Justification

Technology infrastructure update for clearing members enabling API-based trade inquiry access, relevant for operational efficiency but not affecting trading rules or compliance mandates