Multi-legged order entry in currency futures from September 14: BSE

MUMBAI: Leading stock exchange BSE will launch multi-legged order entry facility for its currency derivative segment from September 14.

A multi-legged order entry facility enables a trader to place a combination order comprising more than one order across different derivative contracts.

"Trading members of the exchange are hereby informed that it has been decided to introduce multi-legged order entry facility in the currency derivatives segment with effect from Monday, September 14, 2015," BSE said in a circular today.

Furthermore, the stock exchange would hold a mock trading session to test the new facility on Saturday.

"All trading members are requested to actively participate in the mock trading session and provide their feedback, if any, to the exchange," BSE said.

A multi-legged order can contain a minimum of two order legs and a maximum of four.

According to the bourse, the facility can be used by traders to execute trades across different futures and options contracts, up to four order legs at the same time.