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NOTICES
Notice No.   20140515-17   Notice Date   15 May 2014
Category   Trading   Segment   Derivatives
Subject   Introduction of Liquidity Enhancement Incentive Programme (LEIPS) – Single Stock Futures contracts on the 30 underlying stocks which are part of S&P BSE SENSEX for BSE Equity Derivative segment.
Attachments   LEIPS-Stock Futures Programme Brochure.pdf ;
Content

 

SEBI pursuant to its Circular no.CIR/MRD/DP/14/2014 dated April 23, 2014 (BSE Notice no: 20140429-6 dated April 29, 2014) revised the guidelines for Liquidity Enhancement Scheme in the Equity Cash & Equity Derivatives Segment.
In view of this, Trading Members are hereby informed that the Exchange is launching LEIPS-Single Stock Futures contracts on the 30 underlying stocks which are part of S&P BSE SENSEX w.e.f May 30, 2014.
The programme incentivizes MMs by payment of cash for their participation as per prescribed terms & conditions.
Active trading members of Derivative segment of the Exchange can follow a simple process to register themselves for this programme as Market Makers (MMs).
Registered Market Makers of LEIPS XV, LEIPS- XVI and LEIPS-XVII programme shall have to register themselves as a Market Maker in LEIPS- Stock Futures programme & expressly indicate their interest to do Market Making under the programme.
The Programme envisages the MMs to have a continuous quoting obligation with specified size and spread in Single Stock Futures contracts on aforesaid underlyings.  The programme offers 2 types of incentives to market participants – 
o   Quote based incentives for MMs.
o   Lower transaction fees for all active trading members
 
Details of the programme are enclosed herewith as Annexure.
For any further clarifications, Trading member are requested to contact their designated Relationship Managers.
For and on behalf of BSE Limited.

 
 
Devika Shah
                           
                           
                            Ketan Jantre
Sr. GM-Trading Operations
                            GM-Trading Operations