This is with reference to the Exchange Notice No. 20120823-20 dated August 23, 2012 regarding Amendments in LEIPS-VI programmefor BSE Derivatives Segment. Trading Members are hereby informed that the Exchange proposes to further amend certain terms and conditions of LEIPS-VI Programme effective from October 3, 2012 as follows –
- Part A – BSE-100 Index Futures contracts
· Revision in trading volume based cash incentive for GMPs & MMs
· Revision of spread-size specification of quoting obligations of market makers
- Part B – BSE-100 Index Options contracts
· Revision in trading volume based cash incentives rates for GMPs and MMs
· Introduction of 2 layer volume incentive cap based on moneyness of contracts.
· Revision in Level 1, Level 2 & Level 3 quote obligations
Please refer to the attached brochure for detailed information on revisions in LEIPS-VI Programme as mentioned above.
All other terms and conditions of LEIPS- VI Programme shall remain unchanged.
For any further clarifications, members are advised to contact their designated Relationship Managers.
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Rajesh Saraf
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Sameer Vaze
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GM-Trading Operations
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DM-Trading Operations
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