This is with reference to the Exchange Notice No. 20130308-6 dated March 08, 2013 regarding Amendments in Liquidity Enhancement Incentive Programme (LEIPS) - VIII for BSE Derivatives Segment. Trading Members are hereby informed that the Exchange proposes to amend certain terms and conditions of LEIPS-VIII Programme effective from April 1, 2013 as follows –
· Revision in Trading volume based cash incentive
· Introduction of additional trading volume based cash incentive on passive trades for MMs qualifying for Rs.2 lakhs quote based incentive.
· Revision in trading volume cap
· Revision in quote based incentive pool
· Revision in quote obligations
Please refer to the attached brochure for detailed information on revisions in LEIPS-VIII Programme as mentioned above.
All other terms and conditions of LEIPS- VIII 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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Manager-Trading Operations
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