The Bombay Stock Exchange (BSE) is planning to provide incentives to stock brokers for derivatives trades under a new scheme, Business Standard reports. The exchange will offer $23.5-$24.62 to brokers for $223,847 turnover on the exchange’s derivatives segment for both buy or sell orders.
The value will nearly double for market makers, who provide both buy and sell quotes. The BSE is also planning to invest $24.18 million in the next six months in the liquidity enhancement scheme.
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