This is in continuation to the Exchange Notice No. 20120430-36 dated 30th April, 2012 on above. The trading members of the Exchange were, inter-alia, informed about the procedure to be followed by them for obtaining the Exchange approval for the same. Members were also informed that such trading members who are currently executing orders through algos have to obtain the Exchange approval on or before 30th June, 2012.
SEBI has now informed through its email dated 29th June, 2012 that the Exchange can grant an extension of one month (i.e till July 31, 2012) for the approval process to trading members who are already executing orders through algos after which non-approved algos will be discontinued by them.
Members are requested to note the above and adhere to the above compliance.
For and on behalf of BSE Ltd.,
Sanjiv Kapur Chirag Sodawaterwalla
General Manager Manager
Membership Compliance Membership Compliance
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