Maharashtra : Top stock exchange BSE has decided to implement self-trade prevention checks (STPCs) for institutional investors trading in its equity and currency derivatives segments from January 18. So far, the checks were not applicable to institutional investors. The mechanism will be made applicable on the basis of permanent account number (PAN) details of investors. Using PAN details, the checks would help prevent matching between a buy and a sell order of an institutional investor placed by different members in the same order book. "Currently, self-trade prevention check is not applicable for 'INST' client type on both sides of the trade," BSE said in a notification.
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