Notice No20190214-15Notice Date14 Feb 2019
SubjectAmendment in Liquidity Enhancement Scheme (LES) in Equity Derivatives

Trading Members are requested to refer to Exchange notice number 20180813-26 dated August 13,2018 regarding Introduction of Liquidity Enhancement Scheme (LES) on Monthly Single Stock Options and Index options.

In partial modification to aforementioned notice, Trading Members are hereby informed that the Exchange shall extend Liquidity Enhancement Scheme (LES) on in equity derivative segment with effect from March 01,2019 on following in addition to existing Stock and Index Options -

1.Weekly Futures and Options contracts on BSE SENSEX, BSE BANKEX and BSE SENSEX 50

2.Monthly Futures Contracts on BSE SENSEX, BSE BANKEX and BSE SENSEX 50

The details of the LES programme are attached as Annexure. 

The Exchange shall monitor performance of the programme including presence of market makers and their compliance with the quote obligations through a mix of online and offline monitoring tools. The Exchange shall publish information on the programme from time to time. 

LES on Stock Options and Index Futures and options programme shall remain in force as per tenure mentioned in SEBI Circular no. CIR/MRD/DP/14/2014 dated April 23, 2014. 

For any further clarifications, Trading member are requested to contact their designated Relationship Managers.

For and on behalf of BSE Limited,


Ketan Jantre


                        Sameer Vaze

Sr. GM-Trading Operations

                        Sr.Manager-Trading Operations