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NOTICES
Notice No.   20140825-26   Notice Date   25 Aug 2014
Category   Trading   Segment   Derivatives
Subject   Amendement in Liquidity Enhancement Incentive Programme (LEIPS) – S&P BSE SENSEX Options for BSE Equity Derivatives segment.
Attachments   LEIPS on Sensex Options Brochure-Revised.pdf ;
Content

 

Trading Members of the Exchange are requested to refer to the Exchange notice number20140515-16 dated May 15, 2014 regarding Introduction of Liquidity Enhancement Incentive Programme (LEIPS) – S&P BSE SENSEX Options for BSE Equity Derivatives segment.
Trading Members are hereby informed that the Exchange proposes to amend certain terms and conditions of LEIPS Programme on S&P BSE SENSEX Options effective from September 26, 2014 as follows –
1.       Introduction of additional quoting obligation in SENSEX options near month contract for MM’s.
2.       Separate spread criteria for near month contract for MM’s.
3.       Revision in quoting obligation criteria for current month contract for MM’s.
4.       Revision in daily trading volume based cash incentive cap for current month contract.
5.       Discontinuation of daily booster incentives.
6.       Introduction of monthly quoting Incentives for MM’s.
7.       Revision of condition in open interest incentives.
8.       Discontinuation of additional quoting incentive for roll over contracts for near month contracts (on E-1 & E Day).
 
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