Notices Media Release Trading Holidays BSEPlus Contact Us
हिन्दी     मराठी     ગુજરાતી


Print this Form
Notices
Notice No20120227-12Notice Date27 Feb 2012
CategoryTradingSegmentDerivatives
SubjectTerms & Conditions of LEIPS-II and LEIPS III Programme applicable for special Live Trading Session on , Saturday March 03, 2012
Content

 

In pursuance of notice no 30 dated February 15, 2012, the Trading Members have been informed that LEIPS-II and LEIPS -III shall be extended on the special LIVE trading session in Futures & Options Segment on Saturday March 03 2012.
On this background, following terms and conditions of LEIPS-II and LEIPS III Programme shall be applicable for trading on Saturday, March 03, 2012 -
 
LIVE trading session for Futures & Options segment shall be for a period of 90 minutes (i.e. from 11.15 a.m. to 12.45 p.m.). Total no of Time Periods and volume incentive cap for the Time Period shall be as follows –
 

 
Total No of Time Periods
Duration of Each Time Period
Time Period wise Cap for Futures Trading - LEIPS II
Time Period wise Cap for Options Trading (Notional volume)-LEIPS III
Applicable for March 03, 2012
90
1 minute
Rs. 3.2 Crore
Rs. 13.6 Crore
Total Volume incentive cap
 
 
Rs. 288 Crore
Rs. 1,224 Crore
 
Total No of Time Periods
Duration of Each Time Period
Time Period wise Cap for After Cap MM Passive Side Volume in Futures Trading - LEIPS II
 
Applicable for March 03, 2012
90
1 minute
Rs.1.6 Crores
-
Total MM Passive Volume incentive cap
 
 
Rs. 144 Crore
-

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The quote obligations required to be maintained by market maker under LEIPS II & LEIPS III programme shall be based on 90 minutes of trading time.
 
      The Exchange shall compute and process LEIPS incentives for the eligible LEIPS members, as applicable, on Saturday March 03, 2012. However, considering the partial availability of clearing banks for fund transfers on a Saturday, the incentive payouts may not be credited in designated accounts of the eligible LEIPS registered members on the same day. Members are requested to get in touch with their respective clearing banks to check this.
Other terms and conditions of LEIPS-II and LEIPS III schemes, including Level 2 quote based incentives (table attached), shall remain unchanged.
 


Spread Specification for SENSEX Options
Strikes$
Maximum Permissible Spread (Rs.)
(Current Month Contract)
Minimum quantity of contracts
Quote Based Incentive Rate (Level 2)
(Rs.)
Incentive pool for Strike
ITM2
Rs. 3.00
20
45000
570000
ITM1
Rs. 2.50
20
40000
500000
ATM
Rs. 2.00
20
40000
500000
OTM1
Rs. 1.50
20
30000
380000
OTM2
Rs. 1.00
20
20000
250000
OTM3
Rs. 0.50
20
15000
180000
OTM4
Rs. 0.25
20
10000
120000
Total
 
 
2,00,000
2500000

 
For any further clarifications, members are advised to contacts their designated Relationship Managers.

Rajesh Saraf    
Sameer Vaze    
GM – Trading Operations
DM – Trading Operations