Market Information

The salient features pertaining to Trading, Clearing and Settlement in the SME Platform are as under:

Time : Trading in the aforesaid segment can be done during the normal trading session on the BSE trading platform.
Tick size : The tick size in respect of trades executed in the BSE SME segment is same as applicable in the compulsory rolling settlement segment.
T + 2 basis : The trading, Clearing and Settlement in the SME segment is done on a T+2 basis.
Trading Lot size : The minimum application and trading lot size shall as per the guidelines laid down by SEBI vide their circular dated 21st February, 2012. The minimum depth shall be one lot.
Trading Participants : All market participants are allowed to trade in the BSE SME scrips.
Take up/ Give up : Facility of give-up / take-up of trades by member brokers to custodial clearing members are allowed in the said BSE SME scrips.
Trades : Trades done in BSE SME scrips are required to be compulsorily settled in demat mode.
Close-out / Auction : The procedure of auction / close-out of shortages pertaining to BSE SME group scrips are similar to that followed in respect of scrip's traded in the compulsory rolling settlement segment.
Shortages : Shortages in respect of "M" group scrips would be auctioned and those of "MT" group would be directly closed-out.
Settlement : The BSE SME scrips which are listed under the "M" group (trading and clearing & settlement is done on a net basis) and those listed under "MT" group (trading and clearing & settlement done on gross basis).