BSE to manage market data licensing directly from January 1, 2027

1 min read     Updated on 30 Jun 2026, 02:52 AM
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Ashish TScanX News Team
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BSE Ltd announced it will directly manage the licensing of its market data products for international clients from January 1, 2027, ending its agreement with Deutsche Börse AG. The transition ensures no service interruption for international clients, while domestic clients remain unaffected. The original agreement with Deutsche Börse AG was signed in October 2013.

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BSE Ltd will directly manage the licensing of its market data products for international clients starting January 1, 2027, concluding the current arrangement where Deutsche Börse AG handled these services. The exchange confirmed that international clients will continue to receive BSE Market Data Products without any service interruption. Domestic clients based in India will see no change, continuing to access data directly from BSE.

The transition marks the end of a market data service agreement originally signed in October 2013 between BSE and Deutsche Börse AG. Under the previous agreement, Deutsche Börse AG was responsible for the sales and marketing of all BSE market data products to customers outside India, while BSE served all domestic clients directly. Both entities are collaborating to ensure a smooth migration process.

To facilitate the change, BSE has requested all international clients seeking to continue receiving BSE India Information Products after December 31, 2026, to contact datafeed.sales@bseindia.com with their requests. The exchange provides a range of data products, including real-time, Tick-by-Tick (TBT), end-of-day (EOD), and historical marketplace data.

BSE, established as Asia’s oldest stock exchange, operates as the world’s largest exchange by the number of listed companies. Its benchmark index, the Sensex, serves as a barometer for the Indian economy and is tracked by investors globally. The exchange offers trading platforms for equity, debt instruments, derivatives, and mutual funds.

Historical Stock Returns for BSE

1 Day5 Days1 Month6 Months1 Year5 Years
+2.03%+0.06%-4.87%+52.81%+42.38%+3,842.13%

How will bringing market data licensing in-house impact BSE's revenue margins compared to the previous revenue-sharing model with Deutsche Börse?

What specific investments in technology and infrastructure will BSE need to make to successfully manage global data distribution directly?

Will BSE introduce new data products or flexible pricing models to attract a broader international client base after the transition?

BSE opens e-voting for Executive Director ratification

2 min read     Updated on 26 Jun 2026, 06:19 AM
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BSE Limited has initiated the e-voting process for shareholder ratification of Executive Directors Shri Saurabh Shukla and Shri Gopalan S. Raghavan, with the facility open from June 25 to July 24, 2026. The Postal Ballot Notice was dispatched on June 24, 2026, and the company intimated the stock exchanges regarding the newspaper publication of the notice. The appointments are for fixed terms with a total annual remuneration of ₹3,45,00,000.

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BSE Limited has opened the e-voting facility for shareholders to ratify the appointment of two Executive Directors, Shri Saurabh Shukla and Shri Gopalan S. Raghavan. The voting period commences on June 25, 2026, and concludes on July 24, 2026. The exchange dispatched the Postal Ballot Notice electronically on June 24, 2026, to shareholders registered with KFin Technologies Limited as on the cut-off date of June 19, 2026. The company also intimated the National Stock Exchange of India Limited regarding the publication of the advertisement in newspapers, including Financial Express and Navshakti, on June 25, 2026.

The Board of Directors approved the appointments based on the recommendations of the Nomination and Remuneration Committee (NRC). Shri Saurabh Shukla has been appointed as Executive Director – Critical Operations (Vertical 1), while Shri Gopalan S. Raghavan has been appointed as Executive Director – Regulatory, Compliance, Risk Management and Investor Grievances (Vertical 2). Both appointments are designated as Key Management Personnel and are subject to ratification by the shareholders.

Appointment Details

The appointments are for a fixed term of five years or until the appointees attain the age of 65 years, whichever is earlier. Shri Shukla’s term is effective from September 4, 2026, to September 3, 2031. Shri Raghavan’s term is effective from June 18, 2026, to May 18, 2030. The remuneration structure for both appointees includes a fixed pay and a variable pay component, totaling ₹3,45,00,000 per annum.

Component Amount (Per Annum) Percentage of Total Pay
Fixed Pay ₹ 2,58,75,000 75%
Variable Pay ₹86,25,000 25%
Total Pay ₹3,45,00,000 100%

E-Voting Schedule and Procedure

Central Depository Services (India) Limited (CDSL) has been engaged as the agency to provide the e-voting facility. Mr. Bharat Upadhyay and Mr. Bhaskar Upadhyay, Partners of M/s. N.L. Bhatia & Associates, have been appointed as Scrutinizers for the process.

Event Date and Time
Commencement of e-Voting Thursday, June 25, 2026, 09.00 a.m. IST
Conclusion of e-Voting Friday, July 24, 2026, 05:00 p.m. IST

Shareholders holding shares in demat mode can vote through their depository participants or the CDSL/NSDL websites. Those holding shares in physical form must log on to the e-Voting website at www.evotingindia.com . Trading Members or their associates and agents are not eligible to vote on these resolutions pursuant to Regulation 2(k) of the SECC Regulations.

The results of the postal ballot, along with the Scrutinizer’s Report, will be intimated to the National Stock Exchange of India Limited and made available on the company’s website upon conclusion of the voting process.

Historical Stock Returns for BSE

1 Day5 Days1 Month6 Months1 Year5 Years
+2.03%+0.06%-4.87%+52.81%+42.38%+3,842.13%

How will the 25% variable pay component for the new Executive Directors be tied to specific performance metrics and long-term strategic goals?

What strategic shifts or operational improvements does BSE anticipate with the creation of the new 'Critical Operations' vertical?

How might these appointments influence BSE's competitive positioning against the National Stock Exchange (NSE) in the near future?

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