Description

BSE announces pilot launch of enhanced OTD application with performance optimizations for Equity Derivatives segment, limited to 30 members on first-come-first-served basis.

Summary

BSE is rolling out a new version of the Online Trade Download (OTD) application with technical enhancements for performance optimization in the Equity Derivatives segment. This pilot testing phase is limited to 30 members with leased line connectivity on a first-come-first-served basis. The existing OTD version will continue to operate without changes. Based on performance and usability outcomes, access will be extended to all members and other segments.

Key Points

  • New enhanced OTD application version being introduced for Equity Derivatives segment
  • Technical enhancements focus on performance optimization for online trade file facility
  • Pilot testing limited to 30 members via leased line connectivity
  • Participation on first-come-first-served basis
  • Existing OTD version continues unchanged alongside new version
  • Future expansion to all members and other segments depends on pilot outcomes
  • Members must send expression of interest to participate

Regulatory Changes

No regulatory changes. This is a technical enhancement initiative.

Compliance Requirements

  • Interested members must send expression of interest email to bsehelp@bseindia.com
  • Selected pilot participants are requested to provide detailed feedback on the new version
  • Maximum 30 members will be accepted for pilot phase

Important Dates

  • January 9, 2026: Circular issued, expressions of interest can be submitted
  • January 12, 2026: Enhanced OTD facility goes live for pilot participants

Impact Assessment

Market Impact: Minimal. This is a voluntary pilot program for technical infrastructure improvement.

Operational Impact: Low impact as existing OTD system remains operational. Members participating in pilot will have access to both versions. Performance improvements may benefit participants with faster trade file downloads.

Member Impact: Optional participation with potential benefits of improved performance and efficiency in trade file downloads for Equity Derivatives segment.

Contact Information:

Impact Justification

Voluntary pilot program for technical enhancement affecting limited number of members initially, existing system continues unchanged