BSE to Launch Incentive Scheme for Trading Members in Non- Competitive Bidding of G-sec and T-bills w.e.f November 19, 2018

Mumbai, November 16, 2018: In its bid to encourage wider participation from retail investors, BSE, Asia’s oldest exchange and now the world’s fastest exchange with the speed of 6 microseconds, plans to launch incentive scheme for trading members in Non- Competitive Bidding of G-sec and T-bills with effect from November 19, 2018.

The scheme would be launched initially for a period of 6 months starting from November 19, 2018.  The incentive scheme would be based on the total value collected and number of unique clients introduced by trading members in a month.

The incentive structure is as follows:

A) Total Face Value collected  

B) No. of Unique Clients Introduced

BSE is the premier exchange for investing in G-sec and T-bills in non-competitive bidding. The leading bourse has an online bidding platform for collecting bids from investors through their trading members. This bidding platform is available to the members at no cost. BSE had launched Non-Competitive Bidding in G-sec and T-bills from April 24, 2018 after taking necessary approvals from SEBI and RBI for collecting bids from retail investors.

Besides, BSE is the No.1 exchange for retail trading in corporate bonds with market share of 57% for FY 2017-18. It is also the No.1 Exchange for listing of Corporate Bonds. For listing of public issues, the market share of BSE for FY 2017-18 was 63% and market share in listing of privately placed corporate bonds was 54% for FY 2017-18.

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (1 kg) and silver (30 kg).

BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.

Media Contact:

Yatin Padia / Rahul Vyas

022 2272 8516 / 2272 8472

Yatin.padia@bseindia.com/Rahul.vyas@indiainx.com