The Bombay Stock Exchange (BSE) will begin market making in futures and options in the next four to six weeks, Mint reports. At least 400 broking firms will be participating in the derivatives segment.
Nearly 20% to 30% of these broking firms will be market makers and about 50 foreign brokerages are also participating in the process. The Indian exchange will pay $54 to $132 per $219,683 worth of turnover to market makers, while non-market making brokers will be paid $44 to $55 for transactions of a similar size.
Click here for the story from Mint.