Description

BSE announces the availability of Trade API facility for Clearing Members to access trade inquiry functionality in Equity Cash and Equity Derivatives segments through token-based authorization.

Summary

BSE has released Version 1.0 of the Trade API facility for Clearing Members (CM) in Equity Cash and Equity Derivatives segments. This API enables clearing members to perform trade inquiries through a token-based authorization system. The initial market release is dated October 28, 2025, providing clearing members with programmatic access to trade information.

Key Points

  • Trade API Version 1.0 released for Clearing Members in Equity Cash and Equity Derivatives segments
  • Implementation uses token-based authorization for secure access
  • API supports trade inquiry functionality for clearing members
  • Login workflow includes token generation handshake between member and exchange
  • Separate response data field structures provided for Equity and Equity Derivatives segments
  • Initial market release dated October 28, 2025
  • API registration process required for clearing members

Regulatory Changes

No regulatory changes are introduced. This is a new technical facility being made available to clearing members for operational convenience.

Compliance Requirements

  • Clearing members must complete API registration to access the Trade API facility
  • Members must implement token-based authorization mechanism as specified
  • API calls must follow the prescribed structure with proper request headers and data fields
  • Token generation requests must include valid credentials and follow specified validation requirements

Important Dates

  • October 28, 2025: Initial market release date
  • October 2025: Document version 1.0 edited and published

Impact Assessment

Operational Impact: This Trade API facility enhances operational efficiency for clearing members by providing programmatic access to trade inquiry data in both Equity Cash and Equity Derivatives segments. It reduces manual intervention and enables automated trade reconciliation processes.

Technology Impact: Clearing members will need to integrate the API into their systems, implementing token-based authorization and handling the prescribed request/response structures for both equity segments.

Market Impact: Minimal direct market impact. This is primarily a back-office technology enhancement that improves clearing members’ ability to access and process trade information efficiently. The facility supports better trade management and reconciliation workflows for clearing members.

Impact Justification

Technical infrastructure enhancement for clearing members to access trade data via API, improving operational efficiency but not directly affecting market trading or compliance requirements