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TMI BlogGuidelines for market makers on Small and Medium Enterprise (SME) exchange/separate platform of existing exchange having nation wide terminalX X X X Extracts X X X X X X X X Extracts X X X X ..... makers on Small and Medium Enterprise (SME) exchange/separate platform of existing exchange having nation wide terminal SEBI has put in a framework for setting up of new exchange or separate platform of existing stock exchange having nationwide terminals for SME (hereinafter referred to as the Exchange/ SME Exchange ). In order to operationalise the said framework, necessary changes have been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... responsibilities of Market Makers The Market Maker shall fulfil the following conditions to provide depth and continuity on this exchange: (a) The Market Maker shall be required to provide a 2-way quote for 75% of the time in a day. The same shall be monitored by the stock exchange. Further, the Market Maker shall inform the exchange in advance for each and every black out period when the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er may compete with other Market Makers for better quotes to the investors; (f) Once registered as a Market Maker, he has to start providing quotes from the day of the listing / the day when designated as the Market Maker for the respective scrip and shall be subject to the guidelines laid down for market making by the exchange (g) Once registered as a Market Maker, he has to act in that cap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to commensurate with the number of companies which Market Maker proposes to make market. Further, the stock exchange may lay down additional criteria also for Market Makers as risk containment measures. The same shall be monitored by the stock exchange. Monitoring All the requirements with regard to market making shall be monitored by the stock exchange and any violation of these require ..... X X X X Extracts X X X X X X X X Extracts X X X X
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