The Bombay Stock Exchange (BSE) has launched an advanced beta version of e-Boss, its instant online surveillance system. This beta version of the online system will soon be launched by this month’s end. According to a statement by BSE, this system will provide for instant online detection and will provide for real time regulatory as well as non-regulatory alerts for all transactions.
With this advanced and fast system the brokers will be able to monitor and inspect all kinds of fraudulent trade practices like wash sales, circular trading, front running, pump and dump, spoofing of order book, and other similar fraudulent practices. Usual alerts will also be made available on top stocks, order trades, scrip gainers and looser etc.
Subhash Sharma, the Head-Back Office GEPL, said that the system is extremely easy as well as smooth to use. However, monitoring a client’s overall position transacting in both BSE and NSE would not be possible with the system, He added.