Comments
To boost volumes in exchange traded funds, the NSE has introduced incentive schemes for market-making in equity ETFs on a pilot basis. This follows SEBI’s nod for the introduction of liquidity enhancement schemes for ETFs. Market participants should provide quotes on both sides (buy/sell) for ETFs on a day for at least 80 per cent of the trading time within the top 10 price points. The minimum quantity each at buy and sell for each ETF with its maximum permissible bid-ask spread has been specified. The market participants should fulfil the above condition on at least 90 per cent of the trading days in a month to avail themselves of the incentives.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.