This is with reference to the Exchange Notice No. 20120918-21 dated September 18, 2012 regarding Amendments in LEIPS-VI programme for BSE Derivatives Segment. Trading Members are hereby informed that the Exchange proposes to further amend certain terms and conditions of LEIPS-VI Programme effective from January 8, 2013 as follows –
- Part A – BSE-100 Index Futures contracts
· Revision in trading volume based cash incentive for GMPs & MMs.
· Revision of spread-size specification of quoting obligations of market makers
- Part B – BSE-100 Index Options contracts
· Revision in trading volume based cash incentives rates for GMPs and MMs
· Revision in time period wise daily cap
· Revision in quoting obligation for Level 2 and Level 3 quote based incentive
· Revision in Level 2 and Level 3 quote based incentive pool
· Introduction of Level 2 and Level 3 quote based incentive for roll period contracts
Please refer to the attached brochure for detailed information on revisions in LEIPS-VI Programme as mentioned above.
All other terms and conditions of LEIPS- VI Programme shall remain unchanged.
For any further clarifications, members are advised to contact their designated Relationship Managers.
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Devika Shah
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Sameer Vaze
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Sr. GM-Trading Operations
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DM-Trading Operations
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