Financial Daily from THE HINDU group of publications
Tuesday, May 07, 2002
Financial Daily from THE HINDU group of publications Tuesday, May 07, 2002 |
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Markets
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Derivatives Markets Market-making in futures begins Our Bureau
MUMBAI, May 6 THE Bombay Stock Exchange (BSE) on Moday started its market-making scheme in stock futures and Sensex futures. On the first day, the exchange received encouraging response with the total volumes on derivatives touching Rs 7.84 crore. The exchange has appointed a maximum of 2 market makers for each individual future product. The BSE has the discretion to increase the market makers to three in any product. Market makers can be increased, if the monthly total volume (buy and sell volume) in that particular product does not exceed Rs 100 crore for six completed calendar months from the month of appointment of market makers in the concerned products, the BSE statement said.
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