India’s oldest stock exchange, BSE, has enabled its system to execute trading in negative territory. The updated software will be available for members testing from May 4.
BSE Brent crude contract, based on ICE Brent futures contract, expires at the end of each month. “Pursuant to recent international crude oil derivatives markets trading at negative prices, in the BSE’s Commodity Derivatives segment, the exchange’s BOLT Plus trading system has been modified to accept orders and execute trades at negative prices. Accordingly, existing versions of the system will also support trading activity at negative price levels,” the BSE stated in a note on Tuesday.
