BSE Implements Enhancements to RFQ Platform in Compliance with SEBI Directions

Strategic Insights -

The Bombay Stock Exchange (BSE) has introduced enhancements to its Request for Quote (RFQ) platform to improve operational efficiency, in compliance with the directions of the Securities and Exchange Board of India (SEBI). The changes, effective from October 28, 2025, aim to streamline the execution of brokered transactions and provide a yield price calculator for seamless conversion between clean/dirty prices and yield.

Key Takeaways:

  • The BSE has implemented enhancements to the RFQ platform, effective from October 28, 2025, to improve operational efficiency in compliance with SEBI directions.
  • The manual selection of broker option for One-to-Many (OTM) transactions has been removed, requiring brokered transactions to be executed by brokers on behalf of participants in OTM mode only.
  • The new yield price calculator facilitates seamless conversion between clean/dirty price and yield, in addition to the existing yield calculator available on the platform.
  • Market participants, including stockbrokers, can continue to execute "Direct" transactions in OTM mode.
  • For further information or queries, participants are requested to reach out to designated officials via extension numbers or email at fixedIncome@bseindia.com.

Statistics:

  • Effective date of enhancements: October 28, 2025.
  • Number of officials available for queries: 5 (Mr. Milind Naik, Mr. Harsh Adhiya, Ms. Shamal Jadhav, Ms. Harshada Mulaye, and Anuj Doshi).
  • Telephone extension numbers: 022 2272 5172, 022 2272 5347, 022 2272 5636, 022 2272 8629.
  • Email address for queries: fixedIncome@bseindia.com.

Sources:

  • BSE Notify (no specific date)
  • SEBI (not explicitly mentioned, implications inferred from BSE notice)