Trading Members of the Exchange are requested to refer to Exchange notice number 20140515-17 dated May 15, 2014 regarding Introduction of Liquidity Enhancement Incentive Programme (LEIPS) – S&P BSE SENSEX Futures for BSE Equity Derivative segment.
Trading Members are hereby informed that the Exchange proposes to amend certain terms and conditions of LEIPS Programme on S&P BSE SENSEX Futures effective from September 26, 2014 as follows –
1. Introduction of quoting obligation in near month contracts in addition to the present current month contract requirement for Market Makers (MM’s).
2. Additional quoting incentives for current & near month contracts on expiry Day for MM’s.
3. Revision in trading volume based cash incentives.
4. Revision in trading volume cap.
5. Revised condition for open interest incentive.
Details of the programme are enclosed herewith as Annexure.
For any further clarifications, Trading members are requested to contact their designated Relationship Managers.
For and on behalf of BSE Ltd,
|
Rajesh Saraf
|
Ketan Jantre
|
|
Sr. GM-Trading Operations
|
GM-Trading Operations
|
|