Leading bourse BSE will now conduct self-trade prevention checks based on permanent account numbers (PANs) of investors trading on its equity derivative platform.
“Using PAN details available in the exchange records... checks shall help prevent matching between a buy and a sell order of a client placed by different members in the same order book,” BSE said in a statement on Tuesday. Accordingly, the exchange has asked its trading members to verify PAN details of clients registered in the exchange’s UCC (Unique Client Code) system.