{"id":511,"date":"2020-07-02T07:11:55","date_gmt":"2020-07-02T07:11:55","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=511"},"modified":"2022-01-31T13:39:16","modified_gmt":"2022-01-31T13:39:16","slug":"sebi-ordered-brokers-give-best-price-to-clients-for-trade","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/sebi-ordered-brokers-give-best-price-to-clients-for-trade\/","title":{"rendered":"SEBI Ordered Brokers, Give \u2018Best Price\u2019 to Clients for Trade"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>For years, many retail investors and traders\nhad missed the opportunity to trade on the best prices available due to the\npre-programmed trading software of stockbrokers which worked in stock exchange\norder rather than giving best available prices available on other exchange to\nexecute trades. Regarding this, the market regulator SEBI had already issued guidelines\nearlier, but the several brokers never paid any attention to them as no \u2018no\ncompliance\u2019 action was initiated against them. <\/p>\n\n\n\n<p>Now, the market regular once again asked the\nbrokers to execute the trades at the best available price and mentioned it as\nthe right of trading clients. It means if a stock is available at Rs. 100 on a\nparticular exchange and Rs. 90 at another exchange at the given time, the broker\nwill have to buy it at the best available price irrespective of exchange. <\/p>\n\n\n\n<p>Securities &amp; Exchange Board of India (SEBI) said that brokers cannot have pre-programmed parameters that compromise on the fundamental principle of the stock market. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list\"><li><a href=\"#BSE_Circular_to_Brokers\" title=\"BSE Circular to Brokers\">BSE Circular to Brokers<\/a><\/li><li><a href=\"#Invest19s_Smart_Order_Routing_to_meet_the_Best_Price_Principle\" title=\"Invest19\u2019s\n\u2018Smart Order Routing\u2019 to meet the \u2018Best Price\u2019 Principle\">Invest19\u2019s\n\u2018Smart Order Routing\u2019 to meet the \u2018Best Price\u2019 Principle<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\">BSE Circular to Brokers<\/h2>\n\n\n\n<p>In regarding the same, the BSE had already told\nbrokers to verify the SEBI implementation during the inspection of brokers.\nAccording to circular, the BSE had received communication from SEBI on June 23,\nwhich specifies that brokers should stick to the fundamental principle only\ni.e. Best Price. <\/p>\n\n\n\n<p>They also stated that the exchange-approved electronic systems or applications also required to comply by rules to the \u2018Best Price\u2019 requirements by August 31. In the meantime, the brokers should submit their compliance and non-compliance reports, which will be submitted to SEBI. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Invest19\u2019s\n\u2018Smart Order Routing\u2019 to meet the \u2018Best Price\u2019 Principle<\/h2>\n\n\n\n<p>\u2018Buy Low &amp; Sell High\u2019 is possibly the most famous aphorism in the stock market which encourages investors and traders to strategize their trades and plan out their buying and selling. However, for some reason, it can be challenging to implement consistently. <\/p>\n\n\n\n<p>To ease up the process, the market regulator\nSEBI asked the brokers to give the \u2018Best Price\u2019 to the investors and traders as\nit is their right to know. But, the pre-programmed parameters in software\npushed the trade only on a particular exchange. This must change now. <\/p>\n\n\n\n<p>In regarding this, the <strong>Mr Kaushlendra Singh Sengar<\/strong>, Founder &amp; CEO at<strong> Invest19<\/strong> stated: <strong><em>\u201cInvest19\u2019s smart order routing technology will allow investors and traders to see through the best available prices of a particular stock in a given time irrespective of exchange, making it easier to place an order and execute trade\u201d<\/em><\/strong> while pointing towards the Invest19\u2019s upcoming trading software. <\/p>\n\n\n\n<p>It is said that the <strong><a href=\"https:\/\/www.invest19.com\/blog\/official-now-invest19-offering-a-free-trading-platform-to-stockbrokers-as-nse-discontinue-now\/\">Invest19 is offering a free trading platform<\/a><\/strong> will be free of cost and loaded with a wide array of investment options such as equities, IPOs, bonds, ETFs, currency, etc. A multi-lingual trading platform that would share the common languages favoured by the investors and traders, giving them the edge over taking smart investing and trading decisions. <\/p>\n\n\n\n<p>Apart from this, the trading software will have\nsome of the top-notch features and innovation-driven technology to cater to the\ncurrent market challenges. <\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 5,457<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"511\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">3    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>For years, many retail investors and traders had missed the opportunity to trade on the best prices available due to the pre-programmed trading software of [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/sebi-ordered-brokers-give-best-price-to-clients-for-trade\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,2,7,10],"tags":[145,146,147],"class_list":["post-511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-market","category-investment","category-featured","tag-sebi","tag-stock-brokers","tag-sebi-circular-to-stockbrokers"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=511"}],"version-history":[{"count":2,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/511\/revisions"}],"predecessor-version":[{"id":514,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/511\/revisions\/514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/512"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}