It’s a pleasure to announce that at the very beginning of this new year, we have also enabled Bombay Stock Exchange (BSE) on our platform apart from Cross Currency Trading and you will be able to trade on stocks listed on BSE. Although we got the license to operate in BSE a few months ago, the process of going live with an exchange is usually lengthy and time-consuming due to compliances, documentation and platform testing procedures. Nonetheless, we are happy that we are live on BSE Cash segment and that our clients can trade all the stocks listed on the exchange. BSE is Asia’s oldest stock exchange and has played a pivotal role in the development of India’s capital markets. It also has the maximum number of publicly listed companies in India. The exchange has stood the test of time and continues to evolve to this day. Their latest initiatives inspire confidence in us.
We have been working on our margin policies to provide traders with the most appropriate leverage and reducing risks associated with the price volatility in the underlying scrips. To learn more about the margins required for BSE equity scrips, visit our Margin Calculator.
The pricing model for BSE segment is the same as NSE equity segment. For more information on this, you can refer to our Pricing page. You can also refer to our Brokerage Calculator. Please note that the FYERS 30 Day Challenge will be applicable for BSE too. So, if you have taken up the challenge, we will be considering the P&L of your BSE trades to calculate your performance.
Fund transfers for BSE
You will be able to trade using your Capital account for both NSE and BSE. You can add funds through NEFT/RTGS/IMPS/UPI. You can learn more about that in our fund transfers page. There are no specific changes with regards to BSE.
Needless to mention, trading in BSE equity is the same as NSE and the timings are the regular equity trading hours i.e. 9:00 AM to 3:30 PM, Monday to Friday that apply to NSE. As per risk management policies, our admin square-off timings will be around 3:15 PM (Same as applicable for NSE).
How to enable BSE for existing clients?
All the clients who have opened an account with us after we received the BSE license have been enabled in the BSE equity during the account opening process and such clients will be able to trade BSE stocks without any hassle. If you are unable to trade in BSE or orders getting rejected, you can refer to this article How do I add the new Segment/Exchange to my existing Trading Account? to enable the BSE segment in your account in case you have been our client before we received the BSE license. For new clients, BSE will be enabled in their account by default unless you choose otherwise. .
I really appreciate your patience regarding the launch of BSE on our platforms. We’ll make it worth the wait by giving you the best trading experience. All good things take time but we’re working round the clock to give you a hassle-free trading experience.
Note – Currently, Cover and Bracket order are disabled for the BSE segment. We will take a call on this in future, we will keep you updated.
Stay tuned for more updates from us. Happy Trading and a very happy new year!
Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.