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NOTICES
Notice No.   20130517-24   Notice Date   17 May 2013
Category   Trading   Segment   Derivatives
Subject   Amendments in LEIPS X programme
Attachments   LEIPS-X Programme Brochure - Revised.pdf ;
Content

 

This is with reference to the Exchange Notice No. 20130411-19 dated April 11, 2013 regarding Introduction of Liquidity Enhancement Incentive Programme (LEIPS)-X for BSE Derivative Segment. Trading Members are hereby informed that the Exchange proposes to amend certain terms and conditions of LEIPS-X Programme effective from June 03, 2013 as follows –
  • Increase in volume cap from Rs. 100 crs to Rs. 250 crs.
  • Revision in incentive paid to MMs & GMPs.
  • Payout per trade shall be capped at Maximum 20 Lots.
  • Change in spread & quantity of quoting.
  • Introduction of Quote based incentive.
  • Removal of trades done in spread contracts, in near & far month contracts (Except trades done in near month contracts from Expiry-5 till Expiry day) from eligible trades for calculation of incentive.
 
Please refer to the attached brochure for detailed information on revisions in LEIPS-X Programme as mentioned above.
 
All other terms and conditions of LEIPS- X 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
Manager-Trading Operations