Leading stock exchange BSE today said it will soon introduce multi-legged order entry facility on its currency derivative platform.
The facility will allow traders to purchase or sell a variety of different derivatives at the same time, which otherwise would need separate orders for different contracts.
"Trading members may please note that the exchange shall soon introduce multi-legged order entry facility in currency derivatives segment," BSE said in a circular today.
In view of the same, the exchange has asked its trading members to provide "additional information in the contract master file" with respect to this functionality.
"A new parameter called capacity group ID shall be provided in one of the existing filler fields in the contract master file," BSE said.
The proposed change would be made live in the contracts master file with effect from end of day of Friday, August 7.
"Please note that there shall be no change in the file structure on account of this," BSE said, adding that this is an optional change and would help members identify futures and options contracts across which multi-legged orders can be placed, on the front-end trading application.
"However, those trading members who do not wish to make use of the new field shall not be impacted on account of this change," BSE said.
