Amendment in Designated Market Maker Framework for Index Derivatives Contracts · 20260629-42
BSE notice 20260629-42 · 29 Jun 2026
Official title
Amendment in Designated Market Maker (DMM) framework for Index Derivatives contracts in the Equity Derivatives Segment
Official record
Open source pageSummary
Check the official recordWhat changed
BSE modifies the Designated Market Maker (DMM) framework for Index Futures contracts. This change applies to SENSEX, BANKEX, and Focused IT indices. The Exchange increases the maximum permissible bid-offer spread from 0.10 percent to 0.25 percent of the bid price. Trading Members must follow these revised requirements starting July 15, 2026. All other existing provisions of the DMM framework remain unchanged. Trading Members should consult Annexure 1 for detailed guidelines.
What you must do
- Trading Members must adhere to the revised maximum permissible bid-offer spread for Index Futures contracts.
Key dates
- Effective from
- 15 Jul 2026
- Effective date of the revised DMM framework
- 15 Jul 2026
Document text
NOTICE
| Notice No. | 20260629-42 |
| Notice Date | 29 Jun 2026 |
| Category | Trading |
| Segment | Derivatives |
| Department | Trading Operations |
| Subject | Amendment in Designated Market Maker (DMM) framework for Index Derivatives contracts in the Equity Derivatives Segment |
| Attachments | Annexure_1 |
This is in continuation of Exchange Notice No. 20260422-2 dated April 22, 2026, regarding the Designated Market Maker (DMM) framework for Index Derivatives contracts in Equity Derivatives Segment.
Trading Members are hereby informed that the Exchange has partially modified the DMM framework for Index Futures contracts, with effect from July 15, 2026.
The revised maximum permissible bid-offer spread is as under:
| Index | Instrument | Existing Spread Requirement | Revised Spread Requirement |
|---|---|---|---|
| SENSEX, BANKEX & Focused IT | Futures | Maximum permissible spread of 0.10% of the bid price | Maximum permissible spread of 0.25% of the bid price |
All other provisions of the existing Designated Market Maker (DMM) framework for Index Derivatives contracts shall remain unchanged.
Trading Members are advised to refer to Annexure 1 for the detailed guidelines on the revised DMM framework applicable to Index Derivatives contracts in the Equity Derivatives Segment.
For & on behalf of BSE Ltd,
Ketan Jantre
Head – Trading Operations
Kaushal Mehta
VP – Trading Operations
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 29 Jun 2026
- Document number
- 20260629-42
- Issuing division
- Trading Operations
- Effective date
- 15 Jul 2026
- Coverage area
- securities