The National Stock Exchange (NSE) on May 22, 2024, issued the notification regarding the Liquidity Enhancement Scheme – Silver Options on Goods.
The following has been stated namely: -
• Trading members who are interested in providing continuous quotes as Market Maker shall be required to register with the Exchange. Members registered as Market Maker shall be required to fulfill order level obligations as specified.
• The eligibility criteria for Market Maker are namely: -
o Net worth of ₹ 1 Cr
o No serious disciplinary action against the member in the last one year.
• The Obligation of Market Maker 4 are namely: -
o Strikes to be quoted : 2 ITM and 4 OTM strike prices, which are in the multiples of 250 (other than strike prices in multiples of 500 and 1000) in the front month contract. (i.e., in the multiples of 250 but not in the multiples of 500 and 1000)
• The Application Format for Market Making has been stated in Annexure I
• The Evaluation Criteria is attached to Annexure II
• The Market Maker-wise Obligated Strikes is attached to Annexure III
[Notification No. NSE/COM/62115]
