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TMI BlogInventory Management for Market Makers of SME Exchange/PlatformX X X X Extracts X X X X X X X X Extracts X X X X ..... t Makers of SME Exchange / Platform 1. SEBI vide circular dated April 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15% 14% Above ₹80 Crore 12% 11% 4. Further, the following shall apply to market makers while managing their inventory during the process of market making: i. The exemption from threshold shall not be applicable for the first three months of market making and the market maker shall be required to prov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uotes. vii. Two way quotes shall be resumed the moment inventory reaches the prescribed re-entry threshold. viii. In view of the market maker obligation, there shall be no exemption/threshold on downside. However, in the event the market maker exhausts his inventory through market making process on the platform of the exchange, the concerned stock exchange may intimate the same to SEBI after ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e into effect immediately. This circular is available on SEBI website at www.sebi.gov.in Yours faithfully, Rajesh Kumar D Deputy General Manager Tele No 2644 9242 [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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