This is with reference to the Exchange Notice No. 20130101-20 dated January 01, 2013 regarding Introduction of Liquidity Enhancement Incentive Programme (LEIPS) - VIII for BSE Derivatives Segment. Trading Members are hereby informed that the Exchange proposes to amend certain terms and conditions of LEIPS-VIII Programme effective from March 05, 2013 as follows –
· Revision in trading volume based cash incentive
· Revision in spread size specification for quote obligation
· Removal of volume cap for trading incentive from 9:15 AM till 12:30 PM and 12:30 PM till 3:30 PM and introducing volume cap of Rs. 100 cr. For the complete trading session per day.
· Introduction of additional incentive pool of Rs. 2 Lakh per day for MMs with different quote obligation
· Introduction of quote based incentive on the near month contract on Expiry and Expiry – 1 day.
Please refer to the attached brochure for detailed information on revisions in LEIPS-VIII Programme as mentioned above.
All other terms and conditions of LEIPS- VIII Programme shall remain unchanged.
For any further clarifications, members are advised to contact their designated Relationship Managers.
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Devika Shah
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Sameer Vaze
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Sr. GM-Trading Operations
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Manager-Trading Operations
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