'Reversal Trade Prevention Check (RTPC) in equity derivatives segment, it is to inform that the said Check shall not be applicable until further notice,' BSE said in a circular.
The BSE on Friday announced that the mechanism that automatically cancels reversal trades will not be applicable to the equity derivatives segment "until further notice". The exchange introduced the mechanism -- Reversal Trade Prevention Check (RTPC) -- in its equity derivatives segment in March 2016.
It was introduced with an intention to prevent potential cases of trade reversal taking place on the trading platform. It acts as a preventive measure wherein the second leg of a potential reversal trade will automatically be cancelled by the trading system at the time of order matching in an online real-time manner.
"Reversal Trade Prevention Check (RTPC) in equity derivatives segment, it is to inform that the said Check shall not be applicable until further notice," BSE said in a circular.
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