This is with reference to the Exchange Notice no.20130716-20 regarding Introduction of new incentive schemes for dealers and discontinuation of existing dealer and prop desk/members incentive scheme. The Exchange proposes to amend dealer incentive schemes from November 01, 2013 as follows.
A) Discontinuation of dealer incentive scheme 1.
B) Amendment in dealer incentive scheme 2.
Attributes of the amended dealer incentive scheme 2 are as follows.
Dealer incentive Scheme 2:-
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Eligibility
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Details of scheme
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Details of scheme
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Min Turnover commitment
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10 Lacs daily turnover commitment
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25 Lacs daily turnover commitment
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Eligible Securities
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Futures contracts on which LEIPS scheme is running and Equity scrips specified by the Exchange/SEBI from time to time.
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Futures contracts on which LEIPS scheme is running and Equity scrips specified by the Exchange/SEBI from time to time.
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Incentive amount per dealer ( All India)**
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Rs.100 per day per qualified dealer.
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Rs.250 per day per qualified dealer.
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Type of trades
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Client and Prop trades both are allowed (no program/Algo trading will be allowed)
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Client and Prop trades both are allowed (no program/Algo trading will be allowed)
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Daily incentive pool of the scheme is Rs. 2 lakhs, once total incentive as per this scheme crosses the daily pool, incentives shall be paid pro-rata thereafter.
All the daily incentives of a dealer will be paid cumulatively at the end of the month.
Other terms and conditions of existing dealer incentive scheme 2 will remain same.
For further clarification members are requested to contact their relationship manager
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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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