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Indian stock exchange, BSE, has announced the introduction of a new measure designed to automatically cancel reversal trades executed on its Equity Derivatives segment with effect from today.
The new measure, called Reversal Trade Prevention Check (RTPC), is geared towards preventing potential cases of trade reversal taking place on the exchange’s trading platform which may have been undertaken for tax evasion purposes. It will act as a preventive measure whereby the second leg of a potential reversal trade will be automatically cancelled by the trading system at the time of order matching in an on-line real time manner.
The move follows the ... (read more)