This is in continuation to Exchange Notice no. 20200626-7 dated June 26, 2020, Notice No. 20210318-12 dated March 18, 2021 and Notice no. 20210629-35 dated 29-Jun-2021 regarding extending Best Price Execution facility to all Clients by April 30, 2021.

Members are advised to note that in accordance with Clause B (1) of the Code of Conduct as specified in Schedule II of Regulation 9(f) of SEBI (Stock Brokers) Regulations, 1992, it is mandatory for trading members to execute transactions at the best available market price.  

Further, it is reiterated that in accordance with SEBI guidelines, “Stock Exchanges are required to ensure that trading systems/interfaces/front ends do not have the default option of providing preference to any particular trading venue at the time of placement of orders”. 

Accordingly, Trading Members are advised to ensure that their trading systems are in compliance with the aforesaid requirement to ensure execution of clients orders for buying and selling of securities at the best available market price (Best Price Execution).

In case of any queries/clarifications, you may please email us at: bse.rbs@bseindia.com

For and on behalf of BSE Ltd.

 Hiteshkumar Desai                                                              Sandeep Sharma

Additional General Manager                                              Asst. General Manager

Brokers’ Supervision                                                           Brokers’ Supervision