The Bombay Stock Exchange (BSE) has rolled out a market making scheme to generate more investor interest in derivatives, Business Standard reports. The focus will be on derivatives based on its benchmark Sensex and underlying 30 stocks. The exchange has set aside a total of $23.148 million for the scheme that will be in force for six months.
Under the new Liquidity Enhancement Incentive Programs, the first program in the two-tier series aims to assist BSE’s derivatives members assess and test their end-to-end systems for quoting, trading and clearing capabilities for derivatives segment, adds Financial Express. The second program aims to help in building a good derivatives order book.
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