BSE to Launch Incentive Scheme for Trading Members in Non- Competitive Bidding of G-sec and T-bills

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.

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.

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 a number of unique clients introduced by trading members in a month.

The incentive structure is as follows:

1. A) Total Face Value collected

Sr. No.	Parameter	Criteria	Incentive Incremental Basis
A	Total Face Value Collected (Monthly)	Less Than Rs. 1 Cr	5 paisa per Rs. 100
		Rs. 1 Cr. - Rs. 5 Cr	10 paisa per Rs. 100
		Above Rs. 5 Cr	20 paisa per Rs. 100

1. B) No. of Unique Clients Introduced

Sr. No.	Parameter	Criteria	Incentive Incremental Basis
B	No. of Unique Clients introduced (Monthly)	Less than 50 clients	Rs. 25 per client
		50-150 clients	Rs. 50 per client
		Above 150 clients	Rs. 100 per client

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