BSE to discontinue liquidity enhancement scheme for equity derivatives from 11 June

Under the LES, brokers and other market intermediaries are given incentives for a specified period of time to bring in and generate investor interest in securities that have limited trading activity.

Press Trust of India May 28, 2020 17:17:24 IST
BSE to discontinue liquidity enhancement scheme for equity derivatives from 11 June

New Delhi: Leading stock exchange BSE has said it will discontinue liquidity enhancement scheme (LES) for equity derivatives segment from 11 June.

The exchange had introduced LES in equity derivative segment in August 2019.

The scheme was provided on index futures and options and 50 stock futures and options.

"The exchange shall discontinue the LES...with effect from 11 June 2020," BSE said in a circular.

Under the LES, brokers and other market intermediaries are given incentives for a specified period of time to bring in and generate investor interest in securities that have limited trading activity.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Sebi move to converge commodity, stock trading good for investors but needs more safeguards
Business

Sebi move to converge commodity, stock trading good for investors but needs more safeguards

It is for Sebi to consider if it would be kosher for a broker to offer softer brokerage rates to those opting for combo services as opposed to either commodity or stock services.

NSE identifies five companies for surveillance action; to levy minimum margin of 35% on respective shares
Business

NSE identifies five companies for surveillance action; to levy minimum margin of 35% on respective shares

NSE has dropped six companies from surveillance action category for having higher levels of pledged shares by promoters.

PM Modi inaugurates India's first international exchange at GIFT city, Gandhinagar
Business

PM Modi inaugurates India's first international exchange at GIFT city, Gandhinagar

INX will trade initially in equity derivatives, currency derivatives, commodity derivatives including index and stocks.