The India International Exchange (INX) on January 16, 2025, issued a circular regarding the introduction of the Liquidity Enhancement Scheme (LES) on SENSEX Futures.
The following has been stated: -
•The Liquidity Enhancement Scheme (LES) for SENSEX Futures, effective from February 03, 2025, offers incentives for market makers (MM) and general market participants (GMP) on SENSEX index derivatives.
•Market makers from previous LES schemes will be automatically registered, while all participants must comply with the eligibility conditions.
•India INX reserves the right to amend, expand, or terminate the program, and can take action against participants who harm the market. The scheme is subject to rules under the IGST Act, 2017.
The detailed circular is given in the document below.
[Circular No. 20250116-3]
