BSE and NSE increase OFS order oversight after fat-finger mistake
Stock exchanges have decided to ramp up supervision following a fat-finger error that occurred during a recent public sector offer for sale (OFS), as reported by Moneycontrol. The issue arose when a broker entered an excessively large order by mistake, which activated the exchange's risk management systems. Consequently, both the BSE and NSE have instructed brokers to improve their monitoring, access, and risk management protocols for all OFS bidding platforms.
by shortkt.com✓