MUMBAI, Aug 30 (Business Standard): Asia's oldest stock exchange BSE has introduced incentives for retail investors who provide open interest in its equity derivative segment. The exchange has changed their trading incentives for brokers as well.
The new retail investor open interest scheme is effective from September 26 and the revised retail trading incentives for brokers are from October 1.
The exchange will pay investors Rs 10 per lot up to a limit of 10 lots per unique client code (UCC) per day, out of its daily pool of Rs 1 lakh.
The scheme is eligible for open interest generated in the S&P BSE Sensex Futures & Options contracts, in the near and current month contracts, it said. It will also apply to stock futures in the current month.
A separate retail trading incentive payable to brokers comes into effect from the October 1. Brokers will be paid depending on number of UCCs trading on the BSE through them in a given calendar month.
"The incentives mentioned above shall be paid from pool of Rs 20 lakh and if total UCC incentive amount crosses the pool of Rs 20 lakhs then incentives shall be paid on pro-rata basis," said the BSE notice dated August 28.
BSE tweaks incentives for retail participants in derivatives
FE Team | Published: August 31, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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