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NOTICES
Notice No.   20121224-34   Notice Date   24 Dec 2012
Category   Trading   Segment   Derivatives
Subject   Amendments in LEIPS VI programme
Attachments   LEIPS-VI Programme Brochure-Revised.pdf ;
Content

 

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.
 
 

Devika Shah
Sameer Vaze
Sr. GM-Trading Operations
DM-Trading Operations