Inventory Management for Market Makers of SME Exchange/Platform

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..... 26, 2010 has issued guidelines for market makers on stock exchange/trading platform by a recognized stock exchange having nationwide trading terminals for Small and Medium Enterprises (SMEs). 2. Further, SEBI vide circular dated May 18, 2010 prescribed the framework for setting up of a stock exchange/trading platform by a recognized stock exchange having nationwide trading terminals for Small an .....

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..... making and the market maker shall be required to provide two way quotes during this period irrespective of the level of holding. ii. Threshold for market making as prescribed will be inclusive of mandatory inventory of 5% of issue size at the time of allotment in the issue. iii. Any initial holdings over and above such 5% of issue size would not be counted towards the inventory levels prescri .....

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..... ck exchange may intimate the same to SEBI after due verification. 5. All stock exchanges are advised to: i. make necessary amendments, if any to the relevant bye laws, rules and regulations for the implementation of the above decision. ii. disseminate the same on their website for easy access to the market makers and other market participants. iii. communicate to SEBI, the status of impleme .....

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