BSE boost market efficiency with news service

Briefing the media about the service yesterday, BSE chief Executive, Hiran Mendis said the service has been implemented as part of the strategy of making the BSE a repository of exchange related information for the benefit of the market. “This will reduce the asymmetry of information,” he said.

The service, which was launched on the 1st August on a trial basis, will be fully implemented with effect from 1st September 2014. “From this date listed companies information will be released by the BSE through X-News, appearing immediately on both the ATS message (ATSM) board and the BSE website.” Subscribers to the X-News Email service will have the link to the publications dispatched to their designated e-mail addresses within 15 minutes of uploading to the ATSM and BSEW. Mendis said some X-News would also be released in the press as soon as possible following BSE approval.